Most major world indices finished up around 7% today. I think the rally was deserved. As a good friend points out, we are still lower than we were after the Geithner/Treasury no show earlier this month. This was really a drawing-in-between-the-lines rally.
Briefly, my thoughts on this mess: the monetary policies the US and other governments have implemented are unprecedented. I'm not saying they will work and I'm not saying they won't. If I were a betting man, I would wage on the former; however (and as is often the case), these short term solutions might create or extended more fundamental problems. I guess we will all have to stay tuned. In the meantime, learn from the professor.
(thanks Turner)
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