The Stock Market Soared

Last Thursday the stock market soared as the latest resolution from Europe regarding the debt crisis there was announced.  If you are beginning to feel like Bill Murray in Groundhog day you are not alone.  The stock market has celebrated European resolutions on multiple occasions over the past eighteen months only to find itself without a true "fix" at the end of the day bringing about the need for another European summit months later and more resolutions.   The bond market was unimpressed with the announcement last week as Italian and Spanish bond yields have continued to climb higher signaling concern. More to come on this subject... More