KNTV Mad Money June 13, 2012
rumors of an imminent invasion of syria, an air strike against iran. that's what this market has become. a gigantic rumor mill. it's driving stock prices. today was no different. dow rallying, nasdaq vaulting 1.19%. rumor has it. why the rally. because the most cogent rumor, the loudest rumor, the last rumor we heard was that the european central bank was going to guarantee all deposits in euros. the significance you ask? if a country decides to go its own way and issue its own currency, whether it be greek drachmas or spanish pesetas, their bank deposits are still in euros. savers w...