Europe’s markets are higher again, and bank stocks are soaring, as everyone concludes that the rumoured bailout will soon be in place and save everything.
The Dax is up 3%, the FTSE up 2%. Most of the big Euro-bank stocks are up 7%-10%. US futures are nicely higher.
Gold’s up 4%, oil’s up 3%.
So, hey, no problem–what was everyone getting so worked up about?
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