Stocks Soar on European Stimulus


Where have we heard this before?  Since I don’t tend to put much stock, (pun intended) in the European Union, I see this as a temporary, one day story.  It’s a nice way of allowing whoever chooses, to take some profits before another not so happy story comes from Europe.  If anyone believes that today, the Europeans figured it out, I really have some wonderful swamp land in Florida and a bridge in NY to sell you.  It’s great that the market is having a big 200+ point gain, but it is only a one day gain.  The stock market is about long-term viability, (assuming you’re not a day trader) not one day moves, up or down.  Let’s see if this so-called European stimulus grows legs or if it fizzles as so often is the case these days.  And before anyone gets too excited, let me remind them that the Dow is still down almost 1000 points from where it was on May 1, 2012.  I hate to be negative but show me the money.

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