The Best and Only Worthwhile Analysis I’ve Seen on this European Economic Crisis
- Posted by chicagosean
- on November 28th, 2011
It seems every day for months we U.S. traders and investors have been waking up to large overnight moves – in both directions – of overseas markets and S&P futures, which in turn results in a huge gap in our stock markets at the open of trading.
And every day the story is the same. It comes down to one word: Europe. Only the fine print is slightly altered.
Each night some Tool with an Italian, Greek, German, or Spanish accent says something with no truth or reality behind it and the rest of us sneeze in whatever direction fucks the most positions. If I sound jaded, you bet your ass I am. This unending volatility has cost me money.
Many of you may have already seen Seth Meyers on Saturday Night Live do his shtick about the European Crisis. This originally aired a few weeks ago. But has the story really changed since last week? Last month? Last year? If you haven’t already, view this 3 minute segment from SNL Weekend Update in which Seth absolutely slays the situation. I haven’t yet seen a better explanation of what’s really going on over there. Enjoy…
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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My name is Sean McLaughlin and I trade my own account from my home office on the Northside of Chicago, IL. I’ve worked at prop firms, started and ran a small hedge fund, was a member of the Chicago Board of Trade, and have learned – the hard way – to seek simpler ways of trading, investing, and living. More »
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