Post by Jaga on Dec 12, 2011 0:13:00 GMT -7
From the recent meeting of EU in Brussels. Who did represent Poland and where is a Polish politician standing?
NEW YORK — NEW YORK (AP) – Europe's fiscal pact may save the euro from collapse and stave off worldwide financial panic. But the concerns of many investors are more personal: Will it lift my flagging 401(k)?
The answer from the stock market on Friday was hopeful. As a summit of European leaders concluded with an agreement to deal with their debt crisis, the Standard & Poor's 500 index rose 1.7 percent, capping a second straight week of gains.
Then again, stocks have rallied after other summits – more than a dozen in two years – only to fall again. And the reaction from even the optimists isn't particularly reassuring.
Hank Smith, chief investment officer of Haverford Investments, says stocks could rise "sharply and quickly" – but only if there's more "good news" from Europe. And that assumes you agree that Friday's deal was good at all.
In that deal, all 17 countries that use the euro agreed to allow a central European authority to oversee their future budgets. They also agreed to automatic penalties if they spend too much.
www.huffingtonpost.com/2011/12/11/eu-treaty-deal-investors_n_1142130.html
NEW YORK — NEW YORK (AP) – Europe's fiscal pact may save the euro from collapse and stave off worldwide financial panic. But the concerns of many investors are more personal: Will it lift my flagging 401(k)?
The answer from the stock market on Friday was hopeful. As a summit of European leaders concluded with an agreement to deal with their debt crisis, the Standard & Poor's 500 index rose 1.7 percent, capping a second straight week of gains.
Then again, stocks have rallied after other summits – more than a dozen in two years – only to fall again. And the reaction from even the optimists isn't particularly reassuring.
Hank Smith, chief investment officer of Haverford Investments, says stocks could rise "sharply and quickly" – but only if there's more "good news" from Europe. And that assumes you agree that Friday's deal was good at all.
In that deal, all 17 countries that use the euro agreed to allow a central European authority to oversee their future budgets. They also agreed to automatic penalties if they spend too much.
www.huffingtonpost.com/2011/12/11/eu-treaty-deal-investors_n_1142130.html