European Situation

This morning the HS index have dropped more than 500+ points, this is due to Spanish 10 years note government generic bonds have exceeded the critical 7%. Rumors say IMF might bail out from the previous agreement of financing Greece, it makes other countries who involved in the agreement such as Holland and Finland also announced if IMF withdraw from this agreement, they will do the same.

The market atmosphere have quickly turned negative due to the agreement which gave positive hope to the market previously might turn sour.

When the market is full of fear, I am ready to use the previous cash reserve to enter the market, if you want to join as well, feel free to contact me.