Pages

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.


The first EFSF obviously didn't solve the problem, but that's not to say that this one wont.

No comments:

Post a Comment

For compliance reasons, I don't post comments to the site, but I do like hearing from readers and am happy to answer any questions. Feel free to use the comment box to get in touch. Please leave an email address in your comment so that I can write back, or email me directly at Skrisiloff@avondaleam.com.