...which is another way of saying volatile market. Emotions are running high and the markets down on Greece... markets up on Greece relief silliness is a good tell. This morning MarketWatch trumpets European debt fears:
"US stock futures dropped sharply Tuesday as renewed worries over European national debts"... blah blah blah.
Don't bank too heavily on those stellar US earnings numbers (lagging stuff this is) either; anyone touting the market as a forward looking discounting machine slept right through 2007-2008. Everything was fine until one day... CRASH. Yes, the market is always right - until it is suddenly and tragically wrong.
I see the gold sector is rebounding and who knows, the pig may yet follow in its bloated and underachieving fashion. But the easy money's been made. The smart money's been booked.
