Want to know what stocks are going to do?
Forget financial analysis.
It’s all about political analysis: on the strength of a European bailout (announced over the weekend), worldwide stocks are going crazy — this time on the upside.
Personally, as a long-term, buy-and-hold investor (vs. Wall Street trader), it all has me reaching for the Pepto Bismol.
The large size.
Just call it the “Pepto Bismol” stock market, I suppose . . .