BAC - Bank of America Corp.

A terrific target in the game of Euro/$ = US bank equity valuation.

Is there another large US bank that is so susceptible to an effective straddle?

This bank will be worthless - or - might be a fair gainer. But there is NO in between.

Perfect opportunity to straddle.

A good straddle (not a simple options straddle) is very low risk and high reward.

there IS a euro financial plan and it's been in place for two years

The plan is to delay until there might be a way to get a super-power like the US or China to "help" - that is obvious.

Our opinion is that the "plan" will not work.

Unless there is massive worldwide currency deflation, as we have said.

Watch your forex positions wisely. Nothing else matters except forex and gold.

PS We expect an "up" nasdaq after a well-spoken excuse from the EU on Wed. in Europe. We don't recommend another short until a day or so.

Euro/US$ Push-Out to G20 but to no Avail

Now that Tues. is over in the Euro zone, and now that there was great news followed by another... a... well another delay, the financial people aren't meeting on Wed. anymore; instead, only politicians will meet. (We thought this was a financial crisis?)

The Euro zone mentality is at its worst ever, i.e. no one wants to win anything, it's simply a competition to see who will be the absolute worst loser. Nothing else matters. (Not a very productive environment.)

In fact, the politics matter so much, that NO ONE will do anything until the G20. Why? Because then, the EU can just say "oh, those horrible international citizens made us go down!" That's called politics. In that way, no one specifically gets blamed and that's what EU politics is all about. Politics is not about productivity, it's all about blame.

Mind your investments and capital wisely.

The US will not save anybody in an election year with the take-over candidates salivating to blast out the incumbant. This time, there is no cavalry coming to the rescue.