Confidence In The Eurozone…” Or

Stocks are up a tad as of this writing. They were up quite a bit more than a tad earlier today but, as happened in yesterday’s session, confidence waned around lunch, sending them lower in the afternoon. All in, the major US indexes are off by about 3% and change for the month…and down a little over 4% on the year. Gold, too, is having a tough time of it of late. An ounce of the precious metal “languishes” just above $1,616 per ounce after having traded up over $1,900 just a month ago. What gives? If you believe the papers, markets fall because of “uncertainty surrounding the Eurozone debt crisis…” or “an unexpected rise in jobless claims…” or “some other unexpected economic phenomenon that threw experts for a loop.” Conversely, if we are to believe the mainstream media, markets rally ...