One of Brian’s Favorite Quotes
[On recognizing China] But if you recognize anyone it does not mean you like them. For instance, we all recognize the right honorable gentleman the member for Ebbw Vale.”
— Sir Winston Churchill (1874–1965)
Optimism About A Spanish Bailout Has Europe On A Tear
Definitely the story of the day is the believe (once again) that Spain is close to asking for a bailout.
As such, Europe is on a tear.
Italy is leading the way, with its flagship FTSE MIB index up 1.24%.