Wednesday, August 10, 2011

Yeah, about that "disaster averted" headline...

Can you imagine writing something that has to be published on paper? By the time the newspapers hit the streets this morning proclaiming a giant rebound in stocks, the European sell-off had commenced and US stocks are now back to where they were roughly before the Fed announcement yesterday.

The rumor mill is generating some crazy stories out of Europe but if any of them turn out to be true it could be a very scary time in the markets. I try not to deal in rumors so when I hear something concrete I'll tweet it or post it here.

Right now it's get your popcorn time because the markets are much more entertaining than anything on TV :)

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