Scary!!!

[MikeBjerum]

On a Friday we are seeing scary spending.  Regardless of the market you follow, Fridays are reserved for corrections from the weeks trading.  Typically it is a stable to down day to avoid weekend surprises.  However today we are seeing any where from 2% to almost 4% up in the three Wall Street groups.

What is this bases on you ask?  The Europeans and their financial plans    I did not say improved situation or actual corrections!  I said their planning!

Any wonder we are where we are?

[twyacht]

What I heard regarding the Friday positive mkts,  was/is the delusional mindset of "another bailout"....for the EU nations. Spain, Italy, Portugal, and N. Ireland, soon to come.

http://www.naplesnews.com/news/2012/jun/29/world-stock-markets-surge-after-europe-finds-rescu/

Snip....

In Brussels, leaders of the 17 countries that use the euro appeared finally to have found a broad strategy to fight a debt crisis that has hounded European governments and world investors for three years.

The leaders agreed to pump money directly into stricken banks, let some countries tap into rescue money without submitting to stringent budget requirements and, later, tie European governments closer in economic union.

*******
 
Sure,...throw money at it, that always works......For about a month.....Energy prices surged. That's great in a global recession.

Delusional fiscal policy. Just like the Democrats in the US......

[tombogan03884]

Where is this money going to come from ?
The Bill ?
 But "It's for the children"
And their children,
and their children's children.....