Jan. 12 (Bloomberg) -- Asian stocks rose for the first time in four days, default risk decreased and the euro strengthened for a third day against the dollar on speculation bond purchases from Japan and China will help stem Europe’s funding crisis. There is is also a rumor that the Treasury and the Fed are buying European bonds. There is a lot of money sloshing around. It is usually good news for stocks. Let's enjoy. As long as it lasts.
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked second best gold timer by Timer Digest
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