Posts tagged: Greece default

How does the Dow Jones grow legs?

So, the early 2012 rally has been launched. The risk appetite was aroused by the acquired tolerance to the problems in the Euro zone (the market had hardly reacted to the actual default in Greece) rather than the fundamental indexes; as well as the understanding that politicians, as slow as they are, will do anything to save Greece. Most importantly, it was investor confidence that the world’s major central banks would be ready to print the right amount of money in the foreseeable future. If money does not flow into the real economy, it flows into financial markets. Read more »


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