Stocks are gaining confidence that Greece will stay in the Euro and that the Fed is ready to interject stimulus into the economy if necessary. Last week’s announcement by the Fed’s governors that they are not going to reduce the stimulus and stand prepared to do another form of QE3 stopped the bleeding in stocks and particularly commodities, especially silver. As long as Bernanke and the Fed keep the spigots open, the stock market will be fine.
Regards -Keith Springer
Author of Facing Goliath