The stock market has had a few late session flurries this week that have turned things around from the brink. All eyes have been on Europe, as the region tries to deal with a troubled Greece economy. And yesterday, the Fed came out and said the helicopters were on the launch pad ready for the US money drop if needed, and that turned around the falling markets on a dime.
It's tough to be long or short. The winds are blowing all over the place.
I haven't seen much good news out of Europe, but hope remains. As I type, it seems as if the Euro talks are going nowhere. The bottom line is that without some accountability and willingness to pay bills, Greece is in trouble because of huge entitlements and doesn't have the means to pay them. Ah, socialism is great - it just sucks when you run out of other people's money.
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Using the new Yahoo Axis browser, which sends email links that includes screen caps! It's a pretty cool browser.
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http://money.cnn.com/2012/05/24/investing/stocks-markets/index.htm
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