The dead cat has been buried in European stock markets via ForexLive

• FTSE -0.7%
• Cac -1.3%
• Dax -1.5%
• Ibex -2.0%
• FTSE Mib -1.9%
• Guest appearance from Portugal's PSI 20 -4.1%

European bonds

• Italy 2.94% +6bp
• Spain 2.82% +7bp
• Portugal 3.98% +21bp
• Germany 1.20% -3bp

I highlighted the large falls this week in the other indices earlier today and the main culprit tops them all, having been down 11.68% since Monday.

Portugal's PSI 20 index 10 07 2014

Despite my post proclaiming the end of the bull run in stocks I'm feeling that these moves, and the Portuguese situation are overdone for now, so I'm going to look at a long or longs in some of the European stock markets. None of my platforms have the Portuguese index so I'm probably going to go with Italy and/or Germany.

Here's hoping Snowball II bounces better

posted via ForexLive