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Is no have it wrapped up yet but it said stocks there are moving in the right direction.
We go to Clem chambers.
C of advent good morning -- good to talk to you.
Given the market's a little bit of a lift today it's hard to find any really positive news.
It's actually simple and it's very hard to see in a show like AD -- and which has hundred.
The thousands of private investors watching this stuff going on.
That He is coming out all of the panic.
So the traffic is slowly lowering down and so what was absolutely -- mind blowing volumes off to the the S&P downgrade.
And that's actually slowed -- going back to just huge amazing volume -- Actually the little -- heat coming out of the market here and the -- that's a drop in volatility so people are getting used to the scenario now that kind of stuff sought to become a comfortable with these levels.
You know we have found they equilibrium point in the market He says hugely volatile -- range but nonetheless.
There is a -- here it is going up the question easing in the medium term is it going to be another leg down another crash to -- So that's the long term picture but in the short term people thinking well this is a -- now initial term.
And though the world isn't gonna crack pot and -- -- and He will listen to what He has so now the interest is coming away in the -- -- dropping off with -- is still extremely volatile but not the mind blowing volatility of all the few days ago.
So you know we're now going back to some sort of -- -- new normality and if it does have the quality does string constrained and -- it would be a good sign for a bounce from here.
I guess headline in my head so second the second that it's a minute maybe in the last ought to know eighteen hours' climb has been the fact that the short selling ban has been put in place of the number of a European countries what sure impression of that is that the right way to move.
It is type of environment and we would have a long term positive effect on the markets are we just -- -- fooling ourselves to.
You know middle work our way through a day or two here.
It's a crowd pleaser it was the last time round and his his -- it's it's just -- for the press we're doing is something.
We gonna and I'm short seeing older we will shorted out that there's no evil shoulders out that the market is in big trouble the regulators cannot I can I can really do these to do so it's a it's a band aid on -- on I really bad injury.
You know it's handing out time.
Life jackets on the Titanic and the water's very cold out there so no you won't make any difference it might just slow things down a little bit.
Cambodia has no medium or long term difference of four and the market always gets to the right price and relate to.
Clinton you always sounded like you're going to launch into kind of a Monty Python impersonation better -- that -- -- about that the the event day so I commend you if you're even thinking about doing that.
But they don't sending a message what do you -- back the European leaders to do.
Because you're on prime minister is tried to to combat these riots and the country.
And then you have Sarkozy and Merkel -- next week is there anything they can really do in terms of a show of stability.
And leadership that would ease the concerns of the market.
Well so what's the sell bonds in question anything that they can do to stop this contagion.
He still actually fit for the ECB to come out and -- the Czech that's one or two trillion euros wife.
And that would mean that -- come out and said -- on -- on the right all these countries that Goldman you know below in the am but in the budget.
And I don't think this political will in the short term the question is will they come out and say that before it's too late.
Or office too late and if Spain does lose that it's gonna go straight into -- this contagion and we -- -- -- stages of French contagion.
And once He -- from you know it will go around the globe says you know.
That's what they've got to do that gonna do really quick I was gonna be too late and that's the and -- for the next leg down if there is a next leg down that's what's gonna kick it off if contagion hits from -- it will go around the whole world.
And they have to stop it before it gets to France has already on the -- -- kind of like a zombie apocalypse going on united they've got to stop it now.
You're right yet He is right dividend thank you Klemm Klemm thank you so much of AD VF and planted -- --
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