So does this mean we've bounced off the 50 day moving average? (I don't understand this technical stuff but I'm wondering if we've finally broken through that magical number.)
I've been reading a lot of positive news out of Europe today. Good bond sales. There is a strong indication that Greece will be able to make a deal by tomorrow. Although a lot of people are saying that even if they make a deal with their bond-holders to "voluntarily" reduce the return it will be considered a soft default. However, the fact that it is a managed default doesn't seem to shake the markets nearly as much as the panic that was going on earlier. Ireland has been given the thumbs up for doing a good job and they won't be causing problems going forward. Italy is full of bluster about not needing a bail-out which is a good thing because nobody has that kind of money anyway.
The Italian tax police have raided the local S&P offices. Seems a tad vindictive.
About time our stock price has some momentum.