Capture Trends EU’s sugar rush peps stocks, but it’s a bit late
to join the party PDF Print E-mail Written by George Albert   
Written for First Post June 30, 2012: The news out of Europe
provided a boost to risk assets and beat down safe havens such
as the US Dollar, but it may be late to jump into the party now.
There is a little more upside in some markets after which asset
prices face hurdles.  The most important news out of Europe is
that the Zone's bailout funds, the European Financial Stability
Facility and the European Stability Mechanism, can directly
capitalize banks. Earlier the funds had to go through the
governments to the banks, which made the fiscal deficits of the
countries look worse. The other news was that the funds to
recapitalize Spanish banks would not be treated as debt senior
to the Spanish government's.  These new agreements by the EU
countries will not make the books of the PIIGS (Portugal,
Ireland, Italy, Greece and Spain) look worse if they avail the
bailout out funds. But this is