Quite a rally today based on the TARP like nature of the new bank bailout in Europe wherein the money is given directly to the banks and not their national sovereigns. Additionally there are signs that Europe may move to a Federal Reserve type structure.
Or it could just have been an excuse to run the market higher to make the end of quarter numbers look good.
US Consumer Spending and Confidence Fall to Lows of the Year
See you next week.
|The US Supreme Court Upholds the Affordable Healthcare Act|