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 free for all.
You Have to Beat the Germans in Innovation and Discipline
In 9AD the Roman Empire continued to expand and made it through lands controlled by Germanic tribes. It was here that Romans saw its armies broken in the most decisive way to date at the Battle of the Teutoburg Forest. Despite leading a force that consisted of the sixteenth, eighteenth, and nineteenth legions, Publius Quintilius Varus was so humiliated in defeat, he took his own life. The victory is seen in Germany as the birth of German history and the leader of the rag tag confederation of tribes, Arminius, continues to be seen as a hero. By 260 AD Germanic people broke through Roman lines at the Limes and Danube, expediting the eventual fall of the then greatest empire in the history of mankind.
Over -Civilized & Decadent
Creative & Vital
Charles V. Payne is a regular contributor to the Fox Business and Fox News Networks.
He is also the Chief Executive Officer and Principle Analyst of Wall Street Strategies, Inc. (WSSI)
, founded in 1991 which provides subscription analytical services to both individual and institutional investors.