NEW TRADE ALERT!
Research Center Member Updates:
New trade alert posted to the Hot Charts & Alerts. Also, be prepared for our Daily Analysis Video from Gareth and Nick's Daily Market Report – they have some great action ready to go! Go to the Research Center now!
Today, the European Central Bank broke out the negative interest rate talk. This m days of banks paying YOU to keep YOUR money are coming to a
Today, the European Central Bank broke out the negative interest rate talk. This means the days of banks paying YOU to keep YOUR money are coming to a close. Instead, be ready to start paying the bank to hold your money. Scary thought. Regardless of who is paying whom, the bigger issue is what this says about the European economy.
Over the last year, things have been quiet in Europe. No major near collapses in Greece, Italy, Spain or Portugal. The general Wall Street assumption has been that things are getting better. However, if this is the case, why start talking about lowering interest rates into negative territory to force savers to spend their money and stimulate the economy? This is a very scary signal being sent by the ECB and does speak to some larger underlying issues.
Chief Market Strategist
Trade the markets, up or down. Learn to position your portfolio to profit from the moves in the market. Here is your last chance to learn the PPT Methodology in 2013, also take note of the special holiday bonus for all attendees!
Profitable trading to you
Pierre A Pienaar