Wow! Just look at how much market goodwill you can buy with a trillion dollars:
That red line at the bottom of each chart is where the markets closed Friday, after a crazy week of violent moves. Over the weekend the European governments got together and pledged about a trillion dollars in emergency money to back up profligate and sewering southern European nations like Greece, Portugal and Spain, with countries like Italy, Ireland and the U.K. standing a bit further back in the debt-implosion queue.
So the markets have erupted higher, by about four percent in Europe and New York. Where will we go from here? What will this do to commodities? Stay tuned, because this show’s always throwing a twist into the plot.
