Learning What not to Do from the Europeans

Learning What not to Do from the Europeans

So the market makes a delayed reaction to European votes and then finds a way to rebound into the close.

It was a nice move although the market was still lower; gold is crashing and the ten year yield screams of worry and crisis. The key characteristic of Rally 2012 has been resolve, but the shenanigans in Europe are wearing out investors all over again. Watching it all play out is like watching the last race after a long night at the demolition derby. That last race pits all the losing cars from earlier in the evening in a blind...