Sept. 27 Market Recap

Today the rumormill crapshow continued. The market driver was a rumor that a Greek solution was on the way, including an expansion of the EFSF bailout fund. I've only heard that one about 100 times now and I'm not falling for it again. Confirmation of the baseless 300 point Dow rally came later in the day when an article from FT illustrated a division amongst the EU members, with as many as seven nations calling for more Greek debt write downs in the private sector. By the end of the day the market gave up most of its gains and is poised to open lower tomorrow. Reminder: do not even try to trade this market, you will get burned.