Protection

[Vanraw]

A really good read on the whole Europe debt crisis and unresolved / huge gaps that still exist between the EU members. Germany is playing hardball / chicken and I dont know that I disagree with Merkel's stance. But the massive gains in the market yesterday (dow up like $490) will likely see more bouncing up and for the near future, as the issues is far from resolved.

http://www.bloomberg.com/news/2011-12-01...risis.html

Merkel’s refusal to deploy the ECB is a rebuff to President Barack Obama after he exhorted Europe’s leaders to take more action to combat the crisis. The chancellor is loath to agree to follow the Federal Reserve and the Bank of England in policies she views as akin to fighting debt with more debt. Enlisting the ECB in battling the crisis would violate the central bank’s independence and set it on a course of action that might not work, destroying its credibility.

The EFSF looks like “yesterday’s story” as German policy makers play a “huge game of chicken” over future economic and monetary union to achieve their budget-tightening aims, said Jim O’Neill, chairman of Goldman Sachs Asset Management.
“How close to the edge do you want to take this?” O’Neill said yesterday in a Bloomberg Television interview with Francine Lacqua. “It needs Germany and the ECB to decide whether they want EMU to exist or not, because that’s how it’s going.”

Look for more volatility like we have seen, and wait for the "real lows" and Real highs". The only thing we can count on right now is bouncy bouncy bouncy.... Which means there is short term money to be made