A Rumor a Minute, 5-Point Swings a Minute: This is the New Normal?
Stock markets around the world have new fuel for rally: rumors. There is a rumor every minute. Yesterday: “China to buy Italian bonds.” Not true. But, market rallied for over 100 DOW points in 5 min. Today: “French President and Greek PM are to “talk.” But markets bolted higher. Late today: Brazil to the rescue […]