UBS: optimism in the markets unstable

Currency strategists UBS noted that over the past few days, stocks have shown a very rapid and strong growth, and returned to peak this year, and now the actions of market participants have become somewhat weak, which partly contributes to the continuing uncertainty about the situation with the CIT Group. As UBS notes that the company is relatively small compared to major U.S. banks, but the precedent is cause for concern about the status of the entire financial system. Swiss bank strategists doubt that the current increase in appetite for risk is sustained, and in view of the continuing adverse economic statistics, see the risks of a new wave of sales of risky assets over the next three months, which recommend the use of the pound against the attempts of growth dollar and the euro to open short positions.