Kick The Can

European bonds, and I've been saying this since the minute they did the 50% "voluntary" haircut on Greece bonds, is that CDS is no longer relevant. There is no insurance on European bonds. anyone holding Italian bonds can expect the same fate as greece bondholders who had CDS insurance, you are going to get the shaft!!! they had big kool-aid smiles on their face when they announced the Greek bailout, when they really had chit on their face. damned if they did, damned if they didnt. All in all they did exactly what they've been doing since this all started.... kick the can down the road. and they are finding out its not working anymore....

Profile photo of uranium-pinto-beansKnown to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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