Watch and learn the truth of the stock markets my brothers and sisters, for the last two days of trading have proven one thing...
The desperation to hold the line is thick with fear.
On Monday, the markets were looking to close in the red when SUDDENLY, a rumor (that was later deemed false), said that China was coming to save the day and bail out Greece (Euro).
Well, it is the final hour of trading today, and LO AND BEHOLD, a rumor begins that Russia and Brazil are joining in to help save Europe.
Funny, because this rumor came almost immediately after a Brazillian Finance Minister said this:
"Euro is less important in Brazil international reserves", and "Brazil seeks reserve currencies with solid fiscal positions",oops.... well, it appears once again that trying to sell investors on fundamentals is worthless, and they are left with dropping rumors to save a market ready to head to the downside.