Most European indices are flying out of the gate in 2015. The German DAX, for example, hit all time highs this morning:
Now this despite the fact that back in October Stevie-girl was pounding the table about what a dire situation the world economy was in with China, Japan, and Europe particularly DOOMED. In addition since most TUSCLERs are mindless cock-sucking circle-jerkers and he was able to find some headlines to feed his confirmation bias by spending a minute or two a day googling and cherry, said circle-jerks just nodded their heads in agreement.
So what the hell is going on here? The market thinks Europe will be okay? But this is in defiance of what Stevie-girl and The Economist and mindless all the mindless TUSCLers said? In addition, Europe has listened to Ayn Rand and Libertarians even less than people in the US do. So ECONOMIC DOOM must be certain for them, right?
Comments
last commentEuropean data has such a low bar now that it is clearing. The media did its job spreading memes of DOOM for the masses to believe.
Log in to vote
I think Europe baked the worst case scenario into its prices. Basically they assumed Russia would invade Ukraine and Greece would default.
Mr. Market always overreacts in both directions.
Log in to vote
^^^ agree 100%
Log in to vote