There are many many news media out there excitedly creeping around “finally solved” or “European hopes” bushes (read: news). The news media such as Yahoo or CNN Money are among them. Almost worthless to read it!
However, you can find commentaries out there that are not that optimistic and that are providing with more realistic, and skeptical view on the debt crisis.
The news such as:
Fed bails out Europe while ECB dithers
IMF rescue of Italy will spark global uprising
and many others however are not that excited. The core of the problem hasn’t been solved. It is still there waiting to burst, when our so-called financial leaders and professionals run out of measures available to take to kick the can further down the road.
I am almost close to thinking that we are heading into another financial bubble which will burst one day as soon as bankers will be unable to do more and this crisis will hurts in its full strength.
Well, lets see, where these “hopes” take us.
Happy Trading!
I don’t think there is a bubble coming. The market will go higher.
Ha ha.. this market is a joke!
Here comes the suckers rally in the final hour.
We’ve been in a bull run since 2008 despite the constant drum roll of a market collapse. Of course a bear market is bound to happen, but the question is when. The doomers have been crying wolf for nearly 4 years now, so how is it different this time?
It’s not going to burst yet, the politicians didn’t move all the bad money in their banks to the citizens of their countries. Once that happen, they let this house of cards fall down and it will be the taxpayers who will pay for it.
I don’t think we are in bubble. Don’t panic!