Central Banks Are No 'Avengers'
Markets were swept away Thursday by the perception that central banks were going to band together to perform joint operations to provide liquidity should markets be roiled due to this weekend's Greek election. Stocks soared on the report, as expectations are now firmly in place that action will be taken if needed.
I think there's a pretty big chasm between what was actually said and what market participants believe they heard. Let's examine what was said, by whom, and when, in order to get to the bottom of this....679 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.