Posted on 02/09/2010 2:28:31 PM PST by blam
Rumors Of Greek Bailout Produce Monster Victory For The Bulls
Vince Veneziani
Feb. 9, 2010, 4:03 PM
All it took was a rumor about Greece to bail this market out.
The Dow closed up 136 points to end at 10,045. The NASDAQ closed at 2147, up 22 points, and the S&P 500 gained 12 points to close at 1068.
Energy led the rally today, followed closely by the insurance and consumer goods industry.
Oil rallied $2 to close at $73.87 a barrel.
Gold rose to $1077.70, up $11.50 an ounce. Silver gained $0.38 to finish at $15.46.
(Excerpt) Read more at businessinsider.com ...
Just a little news to Greece the wheels.
“Monster”? lol.
Patching over eurosocialism to buy a little time.
Wall Street cheering another ***4 letter word***ing bailout. It is great to be an investor when the rest of us gets to pay for your crappy choices you made chasing that extra quarter percent of return.
After markets closed, some interesting headers at ZeroHedge:
http://www.zerohedge.com/article/latest-germany-greece-must-solve-own-budget-problem
And here is a bombshell: http://www.zerohedge.com/article/senior-chinese-military-officers-joins-iran-delivering-punch-us-propose-selling-treasuries-a as in US Treasuries!! Ouch!!
If Russia attacks Turkey from the rear,will Greece help?
Tonight we’re gonna party like it’s 1999.
Thanks!!
Hard to keep up with this fast moving story.
What does this do to the 7.2 billion worth of short sales of the Euro?
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