The Guest Blog

Farr: Trillion Dollar Bail-Out, Here We Go Again!

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Markets futures are pointing to a positive open for stocks of about 4%. This strength is the reaction to last night’s announcement by the European Central Bank and the International Monetary Fund to provide as much as a trillion dollars to support the weakening balance sheets of several European countries.  The expected surge in share prices this morning is accompanied by sighs of relief and breathless anticipation of new highs. 

THIS IS NOT RESILIENCE! 

UPDATE: Stocks Rocket Higher After Emergency Bailout.