European disappointment

The markets are down because one more summit European meeting did not deliver what the markets would like to hear.

Merkel wants centrally controlled fiscal discipline . The problems is that they do not need it because the markets are doing the same job in a much more efficient way.

The next idea would be a political union. This is also off the table. The local power structures do not want to give up their earned privileges to a supranational authority.

What is the alternative? More of the same, with slow dismemberment of the European Union.

More details in my The Peter Dag Portfolio , in Dag's Exclusive market Alert, and my free educational videos on http://www.peterdag.com/.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
2009 Market Timer of the Year by Timer Digest

To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can subscribe to The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific investment portfolio.

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