4 Portuguese Banks On Death Row...Dead Man Walking

Alicia Badilla By Alicia Badilla, 28th Mar 2012 | Follow this author | RSS Feed | Short URL http://nut.bz/192kie-x/
Posted in Wikinut>Business>Investment

Seven Portuguese banks are in the cross hairs of the Moody gangsters with four already dead in the downgrade. Read on to find out how will the failing Portuguese economy may effect the Euro and who to short when trading opens on the 29th of March 2012 in Europe.

Which banks were downgraded?

Here is a list of the Banks who are in trouble:

Downgraded:
1. Banco BPI (buy into the dip to make a fortune)
2. Banco Espirito Santo (Buy Everything under €.60 will be at €1.00 within year)
3. Banco Internacional do Funchal (dont touch it)
4. Caixa Geral de Depositos (buy under 13.50)

Banco Santander Totta not on the above list was downgraded only a couple points.

The above banks credit ratings have a negative outlook and are now at the same level or one point below the ratings of their government who was downgraded from Ba2 to a Ba3 back in February 2012.


If you want to make some money, wake up bright and early and buy yourself some put options on the shares for the above banks.


Expect an announcement from the ECB Soon to calm the waters...

How will all this bad news effect the Euro?

This week the Euro/Dollar started with a bang, then entered a range, trading through the week: between 1.3135 and about 1.33, closing at 1.3268.

The backdrop for Europe includes many factors such as French Consumer Spending, German CPI, M3 Money Supply ect...In light of all this bad news looking slightly less bad and the new bad news already possibly being factored in...I think we will see the Euro drop sharply until the ECB takes action and say something peachy... then the Euro will recover almost to where it is now as many believe it has already factored in already most of the PIGS bad news

Click Here to Read More Of Alicia Badillas Wiki Pages:
Will Problems With Italian Debt..
Don't Fight The Fed

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Comments

author avatar Buzz
29th Mar 2012 (#)

Good info, Alicia. Gracias!

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