Spain Bailout Lite Rumor Rejected
First the Greek Troika fiasco, and now the only reason stocks had to ramp today, just got rejected:
- SENIOR GERMAN LAWMAKER SAYS MEDIA REPORT ON SPAIN APPLYING FOR PRECAUTIONARY CREDIT LINE "OVER-INTERPRETED" HIS COMMENTS
- SENIOR GERMAN LAWMAKER SAYS WAS NOT REFERRING TO SPAIN IN HIS COMMENTS TO BLOOMBERG
Watch Simon Potter the market completely ignore this rejection of the catalyst for today's spike and continue levtiating higher as Liberty 33 continues doing what it does best: expanding credit multiples, even as it destroys cash flows.