Hopeful

On Friday the Dow rallied 260 points as investors breathed a big sigh of relief that Greece and Italy have taken positive steps toward fiscal responsibility. Berlusconi resigned over the weekend and Mario Monti agreed to form a transitional government in Italy. This is like the relief parents feel when their kid enters rehab. It is a good first step. but the hard part, sobriety, lies ahead.

On Friday the Dow rallied 260 points as investors breathed a big sigh of relief that Greece and Italy have taken positive steps toward fiscal responsibility. Berlusconi resigned over the weekend and Mario Monti agreed to form a transitional government in Italy. This is like the relief parents feel when their kid enters rehab. It is a good first step. but the hard part, sobriety, lies ahead.