The CAC 40 and the markets are invulnerable and believe they are wrong

The rating agency S & P has beautiful threaten to degrade the U.S. debt by the end of 2012, nobody believes the United States. Markets do not feel threatened not by the rise in inflation in the wake of raw materials and rising interest rates looming almost everywhere. They cling to the hope that the Fed implements its EQ3 by next June. The argument back is that the U.S. has no choice but to continue to print paper currency since the debt no longer sold. To be precise, there are many buyers but it is institutional servants who provide the money directly at the offices of the Fed. Foreign creditors prefer to hold the euro or Swiss franc and anticipate a devaluation of the U.S. T-Bonds rise because of the natural rate of interest on the entire planet. With funding requirements which must now face Japan, the market for sovereign debt becomes very tense. But investors do not want to take into account the solvency problems of the States whose good intentions are consistently delivered at a later date. It is the dictatorship of the short term in all its glory with the lines, the feeling that if there is no solution "nice" (which seems obvious), it serves no purpose to undermine the morale until the crash occurs. Too much cash kills Wall Street behaves like the simple-minded who just skip the 50th floor of the Empire State Building without a parachute and that the 49th floor at 1, is repeated endlessly: "so far so good ... and what pleasant sensation of floating in the air. " Thus, Wall Street maintains its unconsciousness militant sense of invulnerability of the upward trend on all stock exchanges ... The secret is to never look down but to focus on what happens on each floor. We are told every day for two years as institutional not know what to do with their cash and must therefore buy on all folds! And it is indeed a repetitive task so that it is devoted to trading robots that do not pose a question. The "good news" will come later. If it is not the "strategists" who argue that the situation is "less worse than expected." And if anything is "worse than expected" (as in the aftermath of the March 11 or April 18), then they see an opportunity to open the floodgates even more money.