G20 gave India more say.
Germany scoffed at US QE2 plans.
Agreed to limit currency devaluation (nothing about stopping US QE plans thus the bullishness)
No one listened to Geithner trade advice, (BULLISH as QE will happen in order for the US to force the trade rebalancing).
Why a fake bull?
Slight excitement from this type of news always end badly. The previous few G20s always ended with a reversal. The latest one brought about a rebound upwards, the one before that brought about a correction….
Will wait and see how the market react tomorrow. FUTURES are bright green at this moment. 40 points up. Very nice.
No more market correction? Watch the VIX to find out.
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