Guess who will pay for this bailout? That’s right. You will pay for it all.
So Europe announced its gigantic bailout last night, consisting of a fund worth nearly $1 trillion, alongside ECB quantitative easing.
Stocks are going nuts. Dow futures are up nearly 400 points.
But the real winning market is the CAC-40, the French index. It’s up 9%. That’s because French banks were among the most exposed to Greece, and now they just got their butts saved.