G20 talks tough, Germany talks "cold water" reality

. Schaeffer true to it's blue chip analysisis strength had this to say the day prior to the 247pts drop

."In conclusion, the overall sentiment backdrop is very advantageous for a bullish move -- but by no means are we out of the woods yet. In fact, as noted earlier, we've simply rallied back up to the top of the recent trading range, and there are various levels of resistance just overhead. Plus, while we've seen signs of progress in Europe, there is always the risk that something could happen out of the blue overnight, which would lead to selling."

. True enough, something did happen overnight in the form of the words of German Finance Minister.

. The G20's tough words as we know now are but cosmetics. Showing the world that they are tough. Although it is well misplaced. The whole saga rests on Germany and France tocertain extent. So how can a group of outsiders set promises in behalf of the driver of the deal.

. Lies and more lies. Impotent in the face of a crisis. Allowing "Wall Street" to manipulate the market.

http://www.schaeffersresearch.com/commentary/observations.aspx?ID=108359&trackback=recapezine&utm_source=10%2F17%2F2011&utm_medium=email&utm_campaign=Recap