Not a good article in the FT. It may appear there are certainly a lot of cracks in the whole banking supervision and ESM thing. If what was declared last week is considered now purely rhetoric then im afraid, stocktrade2k, you may well be right. We may very well see a heavy retrace. Certainly hope not.
I guess the difference this time around is the APS and floatation. Will they be enough to sustain this upward trend? Let's hope so. Germany are being an a*se. They need to show some solidarity, not keep calling the shots and keep everyone suffering just because there in the money. Makes you see why war's occcur...!!
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