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RANsquawk European Morning Briefing - Stocks, Bonds, FX etc. – 07/09/11
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Here in the US, the stock market is rising despite constant bad economic news. Why do you need fundamentals to create a rally when a bunch of suckers (taxpayers) can do it for you? Gives a whole new meaning to the term Sucker's Rally.
Stock indices will rise until such time (soon) that the global economic meltdown occurs.
I like the Freudian slip towards the end of the report "The FED's Obama" nice!