Stocks blasting higher in the past 30 minutes on news that Italian PM
Berlusconi is resigning. I wonder how people think that is going to
somehow help Europe deal with its debt. Another day, another rumor to
push stocks higher. This is a false hope! Isn't it amazing that even the
financial markets now view collapsing governments as GOOD news! Bizarro
world!
from Business Insider moments ago:
It's just about over for Silvio Berlusconi.
Multiple news outlets are relaying information from Italy's President (Napolitano) that Silvio Berlusconi has informed him of his intent to resign after the latest budget is passed.
Stocks are rallying on the news.
