I have no idea what the stock market will do on Friday (nor does anyone else) but I did notice a quick flip on the futures from red to green in the early hours of the morning following preposterous lies by Italian prime minister Mario Monti.
Please laugh with me about the following ridiculous report: German Bonds Decline as Monti Damps Greek Euro Exit Speculation
German 30-year bonds fell for the first time in three days after Italian Prime Minister Mario Monti said Greece is likely to stay in the euro, and Italy can help persuade Germany to support Europe’s “common good.”
If you expect to see more preposterous rumors, you will not be disappointed.
Mike "Mish" Shedlock
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Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific.