Rally feels a little suspect today
The Italian PM is resigning and that's supposed to be good news for stocks. I don't buy it. I'd say get out and risk missing the huge rally that will follow the guy's departure. Maybe when he leaves we'll find out that Italy is actually a lot better off than he's been telling us? Well then I guess we'd better all pile into stocks because Italy is the new Germany only more generous and they'll happily bail out the other PIIGS and the problem is solved. Or maybe not.