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Monday, October 10, 2011

What greedy idiots look like...

The Dow went up 330 pts today to close at 11,433.

Why?

In one word-  Hope.

"French and German leaders promised to strengthen European banks"- AP

Did Merkel of Germany and Sarkozy of France give specifics?  No.

Did they express how many hundreds of billions, if not Trillions of Euros it will take?  Or how this will adversely affect the Entirety of Europe, simply to protect banks and ultimately, those precious Investors?   No.

Did they express any clear, concise plan?   No.

They did give a timeline though.. end of October.

Wheww.. I feel better.

Today was nothing more than Greedy Idiot Investors just trying to mark their positions.. nothing more.

Its sure going to be funny to see the losses these people take by month's end.