I am calling it The Geithner Rally. It sure isn’t The Trichet Rally. Or The Merkel Rally. We needed some certainty. Geithner has guaranteed it and despite his April guarantee on no downgrades, I think this time he has a handle on the players and, as behind the curve as they are, they can get the systemic risk removed even as they can’t get their stumbling economies growing any better than we can.
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