By Phil of Phil's Stock World
Wheeeeee, what fun!
What a ride I am missing on my vacation but, on the whole, noting is happening as it looks like we may finish the week about where we begin it, at Dow 12,000. If so, then we can call it a week of good consolidation above our Must Hold line and be happy.
More EU nonsense, of course is driving the markets. David Fry believes that the EU is just stalling,wanting to get the rest of the world, and particularly the U.S., to bail them out. With Bernanke and Geithner in the mix it’s not out of the realm of possibility.
After all, the Fed is “owned” by mega-banks (Primary Dealers) and will do their bidding. If these banks have large exposure to euro zone debt, they may feel they have to help them out. It would be nice if we could get the rich Arab states to pony-up to help their good customers but they’re just spectators for now.
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http://www.zerohedge.com/contributed/fixed-again?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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