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SPDR S&P 500 ETF Message Board

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  • le_canard_en_caoutchouc le_canard_en_caoutchouc Sep 19, 2011 1:40 PM Flag

    Societe Generale about to blow up

    Hey Vinnie, if Soc Gen goes kaput, that is the end of any pretense that France is any different than Greece.

    I don't have any way to gauge the European situation, but I do think at the very least, US equities will go into a long sideways, low volatility chop at lower levels than this (with circa 1100 being the first obvious level for such a development). Meanwhile, I say trade the volatility, but be careful to not be among those left chairless when the volatile music fades out.


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