As you may have heard, four Italian banks failed last week on bad investments, and the savers are being 'bailed-in.'
Stocks managed a bounce today in quiet holiday trading.
Have a pleasant evening.
"Here's to the crazy ones. The misfits. The rebels. The troublemakers. The round pegs in the square holes. The ones who see things differently. They're not fond of rules. And they have no respect for the status quo. You can quote them, disagree with them, glorify or vilify them. About the only thing you can't do is ignore them. Because they change things. Because the people who are crazy enough to think they can change the world, are the ones who do.” Rob Siltanen
The Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustainable recovery.