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Tables & Charts for Monday, May 23rd, 2011 Posted: 23 May 2011 09:03 PM PDT |
Bill Cara's Blog for May 23, 2011 [See Post-Close report] Posted: 23 May 2011 04:00 AM PDT CTA Trading Desk Morning Report Today is all about the Eurozone debt problems and the dubious quality of the Euro. Traders around the world do not like what they see. Germany's second largest bank, next to Deutsche Bank, is Commerzbank. They, like other banks in Europe, need a substantial increase in their capital base. Offering it at a 45% discount to Friday's closing price, and about a 65% discount to prices the stock traded at in the past two months, is sure to alarm markets. |
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