Optimism Grows

Trumpets please!!  May I have your attention!!  We have some good news according to the LA Times;

Stocks close up sharply as optimism grows

U.S. stocks saw their biggest gains in over a month after European leaders signaled a willingness to tackle the financial crisis brewing there.

The Dow Jones industrial average ended Monday up 330.06 points, or 3%, to 11,433.18. The broader Standard & Poor's 500 index jumped 3.4%, or 39.43 points, to 1,194.89.

Over the weekend, French President Nicolas Sarkozy and German Chancellor Angela Merkel announced in Berlin that they would come up with a plan to help stabilize and recapitalize struggling European banks. They gave few specifics but said a definite plan would be ready by a Nov. 3 meeting of the Group of 20.

See it here;  http://latimesblogs.latimes.com/money_co/2011/10/stocks-close-up-sharply-as-optimism-grows.html

Oh pooh!  I was getting all optimistic myself until I saw that last sentence..."They gave few specifics but...." 

If you really believe that some socialist governments in Euroland are going to have a definite plan to magically rid themselves of trillions of dollars of debt... while systematically avoiding unrest...and that great, middle class jobs with nice pensions and benefits are going to spring up like mushrooms on a soggy log....then get REALLY OPTIMISTIC and enjoy the whole LA TIMES article.

If, on the other hand, you feel like you have heard this song before and recognize the tune of "no specifics".....you may want to stay pessimistic about what's in store for this system run by Mammon.