Here we go,
1) Markets are weak with Spain`s speculation of asking for IMF/EU assistance to recapitalize the banking system;
2) The EURUSD cross drops below 1.3000 for first time in 3 days; 1.3000 is a key pivotal point for the risk on/ risk off trade
3) Interestingly enough the Shanghai Composite is already down year to date;
4) What are the the world’s largest hedge fund ideas for 2012? Bridgewater (Ray Dalio) or their strategists, are not entirely optimistic heading into 2012; managers at the world’s biggest hedge fund firm are preparing for at least a decade of slow growth and high unemployment for the big developed economies;
5) If you are looking for a new trading book to read in 2012, try Trade Your Way To Financial Freedom from van Tharp; there are lots of useful concepts for your trading in it;
On other topics, check out this live performance. It`s the best song of all time in IMO,
There are a few matches to watch later today on the English Premier League. I expect Manchester United to win on their away match against Newcastle. It should be entertaining.
I will leave you with an inspiring quote, "Failure is merely another opportunity to more intelligently begin again." - Henry Ford
Have a great day!
