Monday, November 7, 2011

Phil Flynn: Will He Stay Or Will He Go

No Not Papandreou he was so over the weekend. No the question is all about Italian Prime Minister Silvio Berlusconi.

While Greece has a new coalition government in place now the focus is on Italy and whether Italian Prime Minister Silvio Berlusconi will resign and open up the gridlock that has slowed the reforms that are needed to keep Italy of becoming more like Greece.

The markets have a lack of confidence in Berlusconi after many broken promises on reform and rallied on the prospect that Berlusconi was gone. For oil it is headline to headline.
We will be looking to play ranges!

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