Submitted by: Donald Hank
The Market is down all six of the last six trading days, the S&P looks to be headed for a bounce today, but is this something to cheer or just an oversold bounce? The reason for this slaughter-fest? Continued lies by governments — specifically, those in Europe. The “big lie” of the season (and year) is the same one we’ve run in the United States for more than 30 years: We can spend more than we take in and it will be ok. |