The European Central Bank finally firmed up its decision to buy bonds from troubled member states of the Eurozone. World financial markets responded with euphoria, and the financial Kool-Aid was passed around greedily as a result. After the ECB’s announcement, the S&P rose to its highest level in four years.
In other news, in a gracious speech before the Democratic National Convention in Charlotte, NC, Barack Hussein Obama accepted his party’s nomination for a second term as President of the United States.
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