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Just Like That, Markets Are Back In Rally Mode

By: capt_nemo in ROUND | Recommend this post (0)
Tue, 31 Jan 12 6:28 PM | 47 view(s)
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Joe Weisenthal
The resilience of this market continues to be impressive.

Just when it looked like the short-sellers and bears might be gaining some momentum, risk comes back, and stock rise.

Markets are up across the Eurozone: Italy's up 1%.France is up 0.9%.Germany is gaining 0.7%.

Futures are up in the US. NASDAQ 100 futures are making a new high here.

On the European yield front, Italian debt is back close to 6%, after weakening the last two days.

And it's important to remember the backdrop, which is mediocre data, and ongoing Greek worries.

Read more: http://www.businessinsider.com/just-like-that-markets-are-back-in-rally-mode-2012-1#ixzz1l2ySSWAt




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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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