Biggest news over weekend in Europe by far, is the new Italian government….sure some of it’s more extreme ideas, like immediate debt forgiveness have been dropped, but make no mistake, they are on a head on collision course with Brussels and the end of the EU/Euro is a lot closer.
There is no way that news is worth a 200 plus Dow point rally, a near 10 dollar drop in Gold and only a few ticks off the Euro, with rates near Unch.
I’d say the scum are crapping themselves, to intervene so heavily…but as R640 says, that info doesn’t pay the bills.
