I have been doing more thinking. OK, so what’s new?
In recent weeks, the stock markets rallied and with the strong closing on Wall Street last night, they look like they could move even higher next week.
The bulls say that the tide has turned and things are moving higher from here and that we should buy stocks on pull backs. The bears say that what we have seen recently is just a bear market rally from oversold positions and that stock markets will see new lows in time.
Both bulls and bears are looking into their crystal balls and coming up with reasons why they are going to be right. My own crystal ball is cloudy and I doubt it works at all.
However, drawing from what I have read in the news, it seems like the eurozone crisis is far from over. Banks in the eurozone are still …