Markets are strongly higher, the the DIA and the SPY now above the newly formed down trend channel resistance.
GM is trading about 2 points above the offer, and Ireland is rumored to be leaning toward taking on the ECU bailout....Seems the Irish have also subscribed to the theory that the solution to too much debt is to add additional debt.
So in addition to exporting software and food grains and drugs, we are effectively exporting the idea that More Debt is the solution to Too Much Debt.
Bill
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