G.G. sent: Cyprus, lenders set Bank of Cyprus bail-in at 47.5 percent, sources say
Over at FOREX Crunch: Is the smart money fleeing stocks? The article begins: “Institutional investors have been net sellers of stocks for the most of the past year or so.. Since late June, this trend increased, with the 4 week average flirting with sales of 1 billion dollars. On the other hand, retail investors have been net buyers since early June…” [JWR’s Comment: With the Dow Jones Average bouncing around 15,500, we are entering into what they call a “sucker’s market.” Get out of stocks, now!]
France is dancing on a volcano, and Europe may go up in flames
Items from The Economatrix:
CBO: Cancel Spending Cuts Now, Boost Economy In Short Run
Obama’s Jobs Record: Where Are We Now?