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EURO STRESS TESTS A SNAP!

|Includes: Apple Inc. (AAPL), AMZN, AXP, DBA, DBB, DBC, EEM, EPI, EWA, EWC, EWJ, EWY, EWZ, F, FXE, FXI, FXY, GLD, IEF, IR, IWM, IYR, IYT, LQD, MDY, MOO, QQQ, RSX, SMH, SPY, TLT, ULE, XLB, XLE, XLF, XLY

It’s pretty sad when so-called “stress tests” pass with flying colors. After all the toxic waste eurozone banks were sitting on weren’t a part of this test. All that was being evaluated were tradable government bonds. Even then some banks failed—perhaps they just didn’t turn in results on time.

 

It really doesn’t matter since bulls have a firm grip on the tape. The eurozone results just gave bulls the opportunity to focus on earnings results and buy more stocks. It’s a market...READ MORE!