Europe's Austerity to the Rescue
Today's news that the Eurozone rebounded more than expected is creating giddiness in the pre-market trade. More stunning is that austerity was supposed to kill Europe's fledling recovery and our free spending was going to save the U.S. from such a fate. Recent economic indicators show the EXACT opposite occurring.
Now, if you make the fine argument that austerity measures in Europe haven't yet had their effect, you can only come to two conclusions. Either you're wrong (and you're not) or the money managers buying/selling stocks with hard earned 401k money are completely delusional.
Good luck and good investing!