Stocks hold gains as Greece worries ease, Really CNN they Eased?

Source CNN

Investors applauded the European Central Bank's rate cut and expectations that Greece was backing off a plan to put its bailout to a public vote.

Investors were briefly frazzled after he said that Europe appeared poised to head into a mild recession but stocks quickly shrugged off the comments.

Alot of people are questioning that sudden surge in the stocks even the people at the market stock arent buying the sudden stock surge.

Look at the comments
Sudden jump in DOW after nearing red territory is suspicious to me.
I am so mad. I was going to double my position in LTD and our power went out because of rain. The infrastructure here sucks but it is so much better than Europe. Now LTD is up a little and I don't know whether to wait or not. It's close to support. So is anyone buying ANF with this 20% drop? I think they are going to do very well in the USA but don't know anything about the international prospects. I think KRO and a good report but don't know whether to double up on it either. Might should wait for the conference call.

Amazing how the US media can get investors to blame greece for all the problems when they caused the debt problems in the first place. Its a carefully designed diversion from the real problems at home . Occupy wall st ? whats that ?

I have been watching for 40 years and I have never seen the DOW played like a fiddle as it has been for the last 2 years . What a Bernanke inspired Ponzi scheme , madoff's small fry compared to him . ITs an IBM centric Ponzi scheme and even the scamalysts are playing along


The shame of it is that there is nothing normal voters can do to rectify any of this overt and covert Kleptocracy. Thieves and Liars.

Really, this market is really on its way where? 12,500? 13,000? Based on what? Valuations? Europe really won't implode and take more than the two primary dealers they have taken down this week?...Cmon, Europe has run out of fingers for the dikes and the flood has started...bond yields soaring, leaders lost control of members and this market is still hoping for the best...efficient market my rear admiral...


i wanted a no vote. the greeks didn't even get a chance to decide.


Well thats the comments you will see at the MarketWatch alot of people and those people that are investors arent happy that a Greek referendum wont be passed, alot of the people are calling this rally a sucker rally.

Once again CNN is claiming tha todays market rally scraped the fears of a Mild recession well atleast now we know that CNN is been on the side with the rich.

News: Greece worries ease
Investors: Yay! Problem solved!

Bloody hell, these Investors must be a hardcore bunch of sheep or what?

reply to post by Agent_USA_Supporter


The revolution will not be televised.

The big fall is still to come, but while we wait for the grand finale, there is still money to be made.

Of course the investors are eased. A Greek referendum going the "wrong" way is like a hurricane aimed right at the derivative house of cards. The entire Euro would be in severe danger, the quadrillion dollar derivatives market would collapse, and the financial class would go bust. Personally though, I would gladly sacrifice my meager investments if it means that the entire world banking system would collapse.