Money Spew

Well the Europeans have drawn a page out of the US and tried to support their bond market with more money.  It is funny how they say they will defend the euro with more euro printing.  But the European financial markets have been exposed for what it is, a bunch of overleveraged banks and bloated governments looking for bailouts.  Sounds like the US in 2008. 

I expect the gap up to be faded hard in the US open as stock holders breathe a sigh of relief that they can get out of their holdings at inflated prices and rush for the exits.