The first EFSF obviously didn't solve the problem, but that's not to say that this one wont.
Thursday, October 27, 2011
Deja Vu All Over Again
Today's 36 point S&P 500 rally is pretty spectacular, but it's not the first such move that's been triggered by talk of a European solution. Remember May 2011? Shortly after the flash crash the Germans and French announced the first iteration of the EFSF and the S&P 500 rallied almost 40 points.
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