Out of far left field, I see something coming that I never expected.
It’s more like the coming together of pieces of a puzzle that have eluded us for too long.
By the way, Occupy Wall Street, if you’re listening, and I hope you are, and you’re still floundering (which I know you are) without a cause that anybody can really wrap their heads around, drop your drums, chants, and wanderings, and make the coming together of this puzzle what you’re protesting.
And make what could result what you are demanding.
Because, really, this could be the mother lode…
Very soon we will see if the old market adage “Buy the rumor, sell the news” is true.
While rumors of Europe’s impending demise were momentarily shot down by an array of silver bullets, the actual news out of Brussels of a grand bargain wasn’t… exactly… honest.
Let’s call the half-measures agreed to by European leaders “Brussels sprouts,” because they’re more like “green shoots” than a cabbage patch panacea.
The leaders agreed to agree that they needed an agreement on how to more closely integrate their fiscal and monetary interests.
Yeah, that’s what they said. I say good luck with that.
Actually, they made some other moves, too.
Find out what else these European “leaders” did…
There’s a ton of “insight” to be meted out about what’s going on in the market. You’ve heard most of it from me, and everybody else. But today and tomorrow will be all about being an insider at the meetings going on over in Europe.
Oh, to be a fly on the wall at those meetings…
What we couldn’t do with a little “inside information!”
But we can’t be there, and besides, that would be insider trading, wouldn’t it?
So, we’ll all just have to stay glued to CNBC and Bloomberg to see what the future holds for us all.
Speaking of trading on inside information…
Have you heard about the hearings up on Capitol Hill?
Oh yeah, there’s been serious discussions in Congress – by Congressmen and women -about reports of insider trading being conducted by privilege insiders, namely, some of their own.
It seems our always honest, always on-top-of-it, always looking-out-for-themselves Congressional leaders and their rank (and I do mean rank) and file are at it again, proving that although their net worth to the public may be zero, their access to non-public information is priceless.
A referendum? In Greece? Are you kidding me?
As my 16-year-old nephew Nathaniel says, “What the…?“
Apparently, that’s a popular statement of surprise in his southern California surf town. The first time he said it, I was flabbergasted, thinking he was going to finish that well-worn exclamation with a bad word. But it works better his way…
What isn’t going to work is George Papandreou’s call for a referendum.
He wants the Greek people to decide if they want to tighten their belts so much that they’re willing to starve themselves to death for the sake of paying back the IMF and their European neighbors.
Why his move hurts everyone…