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Stocks ended higher today

Late rally today pushed DOW index back above 12,000 points on Euro optimism. In my opinion this optimism doesn’t take into account Italy’s problems with ECB and bonds rate rocketing up. As per the news, the rally started at 2 pm EST on news that Greece will receive the latest installment of emergency aid.

However, it would receive it as long as the country’s two main parties commit to implementing economic reforms agreed to by the country’s previous government. And that still may be an issue. Will the provisional government be strong enough to push those reforms thru? All those reforms will be very painful and people already suffered wage reduction, unemployment benefits reduction and more should be coming.

How will the market react on this issue and how will it react when Italian issues surface more into investors’ attention? Or is market accounted for those problems?

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1 response to “Stocks ended higher today”

  1. Frolip says:

    Great stock investing advice here!

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