Shares are surging early on, but, as TF Market's Peter Tchir writes, "More people just bought...

|By:, SA News Editor

Shares are surging early on, but, as TF Market's Peter Tchir writes, "More people just bought stocks than know what a central bank swap line is." The cost of borrowing for EU banks, for which credit lines have been seizing up, will fall over 50 bps. Bottom line, it's helpful but not a "real game-changer," says RBC's Michael Cloherty. (previous)