BIG NEWS out of the EU... and BIG NEWS from us too!
Published: Fri, 12/09/11
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December 09, 2012 Dear Toolbox Readers,
It was quite an overnight session with EU leaders coming to an "intergovernmental agreement" as to imposing fiscal regulations on the member nations. Many details are yet to be worked out and there is speculation that it can be done by March 2012.
I see that there is now some kind of "sanctions" for states who cannot keep their fiscal houses in order and member nations will now have to submit their internal budgets to Brussels for "approval".
If Brussels does not like the budgets they can send them back and ask for changes to be made or sanctions will be imposed...
What is interesting about this "intergovernmental agreement" is that is is NOT a full blown treaty and the reason for that is clear.
The "leaders", and I am using that term very loosely here, have sold their nations out in terms of their own sovereignty and there was no way a "treaty" could get passed given the various parliaments, or even the populace would have had to vote on them and I am sure they would never have voted themselves into a position where they have to seek "approval" of any external body as to the running of their internal affairs.
Be that as it may... the market reaction so far is green arrows everywhere across the EU and the futures at this hour are up big here in the states as well. The inverse correlation to the dollar continues as the dollar is falling on this news while everyone once again gives a big sigh of relief over the situation in the European Monetary Union.
Let us hope this puts an end to some of the extreme market volatility we have seen and does something to eliminate the big overnight gaps we are getting pretty tired of.
In the Research Lab we have been waiting for something like this to happen so the market can try and get back to some kind of normal functioning... you know, like trading of fundamentals, or technical indicators or both. Let us hope this time is actually a REAL cure for what has been plaguing the EU.
We will be covering this in more detail on the Friday morning live show in the Research Lab and if you are not yet a member there has never been a better time to get on board. The Annual Investing Systems Research Lab and Swing Trading Club Holiday Sale is ON! You can now get a whole year of BOTH of these premium services for a SHOCKING 77% OFF the regular price... Details below...
I am pretty excited about the big holiday sale... We LOVE getting new members into the clubs and sharing all of our best tips, tricks and strategies for making money in crazy markets like this.
If you have any trouble with the video... Just reply to this e-mail and let us know, we'll be sure to get you all the details you need to take advantage of this HUGE discount offer.
We'll see you Sunday night on the show.
Until Next Time...
Best Wishes and Good Investing,
Doug Newberry The Investing Systems Network
The Market Toolbox LIVE! is a presentation of the Investing Systems Network. We help you work with the markets every trading day. We Welcome & Appreciate Members Like You!
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