Disaster EDU Jour!

Disaster EDU Jour!
EDU: European Disunion.
As told in our last blog that we expected a Santa Claus rally.Markets around the world have risen up as per our expectations.We recommend all our readers to book profit on their long trades and go short on markets again.
Why to book profit on Long and go short again?
Euro is pain point it has tumbled down. Euro to Dollar is trading bellow our comfort zone of 1.30 it’s around 1.27 we expect it to crack down to 1.20.
What we see that environment is uncertain in Euro zone.We expect some kind of systemic failure in coming days.There is lot of uncertainty in financial markets. Look at Italian 10 year bond yield it’s still above 7 %.Lots of pain point still exists in Spain and Greece in coming days.
Spain's jobless rate is currently double the average for the euro zone, rising to nearly 32 per cent in places like Cadiz, a windswept port that has never recovered since its shipbuilding yards went the same way as those on the Clyde. The economy shrank nationwide by nearly four per cent last year, and in the bars of Cadiz's winding, cobbled streets, the sense is that things can only get worse - which, last week, they effectively did.
In France, the messages are also now mixed. Many believe that Mr Sarkozy's alleged pull-out threat was little more than sabre-rattling, pointing out that the French political establishment has long been wedded to the euro. Yet Nicolas Dupont-Aignan, a fomer member of Mr Sarkozy's UMP party who now runs an organisation called "Republic, Stand Up", claims to have got tens of thousands of signatures for his newly-formed petition, titled "Let's Leave the euro Before It's Too Late".
"Great Britain was very fortunate to stay out of the euro," he said. "Why should we have to pay the debts of other countries? The politicians in France created a religion, a dogma around the euro. But France is not Germany, and the French people do not want the German austerity cure, either politically or socially."
Be Smart and book your profit on stocks which has risen more then 25%.
Nifty too has bounced back to 4870 from our recommended level of 4650.

Thanking you
Atul Sikrai
Sr Vice President & Head Equities
wiTdom investment advisory.