Today the stock market went up many many points. Why? Because the world's central bankers put out a press release that they could solve the world's problems with . . . wait for it . . . swaps.
Nothing has changed. Greece still cannot pay its debts. The PIGS are still in a poke.
However, the good old American dollar is now somehow the darling of the world. Remember when OPEC was going to trade oil in Euros? Remember why the gold bugs have driven the price of gold so high? (Because the flood of currency in the world will create impossible inflation)
Now is a really good time to evaluate all stock positions. If you have high gains, put close stops in and sell. When the bottom drops out, and it will, you can't catch the gains you've made.
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