November 30, 2011

Stocks Surge After Central Banks’ Action on Debt Crisis - NYTimes.com

Sounds like another big bank bailout to me! Let's see what all the talking heads have to say.

 "“They are trying to prevent them from seizing up global liquidity and capital flows and impacting banks and financial institutions throughout the world,” he said.
Burt White, the chief investment officer for LPL Financial, called the liquidity move “a Band-Aid.”
“It helps to prop up the banks for a while, which is going to buy time for Europe to fix the problem,” he said.
The jump in stocks was also an extension of the turmoil and volatility that have weighed on global markets for more than a year."

'via Blog this'

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