Global Equities Rally as World Economies Crumble

I’m so totally kidding…anyway, German, Spanish, French and Italian stocks rallied nicely into their close today and Hilsenrath’s whisper of more Fed intervention being on the way was enough to spark an all-up day for US stocks.

And who can ignore the sexual climax-inducing run that Apple’s been on this week….$422 as of this writing.  I’m not sure any of us has ever seen anything quite so beautiful in the world of investing or ever will again.  Everyone who’s not on board is now chasing the $AAPL train into the annals of mega-cap greatness.  It’s clearly going to $5,000 a share and James Altucher will be our next wavy-haired president.

I need a moment…

Okay, some other stuff you should check out this afternoon:

Tadas on the real failure of what Netflix ($NFLX) just did.  (AbnormalReturns)

If we clear key resistance on the S&P 500 at 1220, it could be All Systems Go for this market.  (FundMyMutualFund)

That Full Tilt Poker thing has just been busted as a ponzi scheme by the Manhattan US Attorney’s office.  (Forbes)

Vitaliy says the Fed should not be measuring the economy by Unemployment, it’s the wrong metric.  (InstitutionalInvestor)

Oh, and you’ll be thrilled to hear that the HFT firms have no broken the speed of light and are trading in fanta-seconds.  (ZeroHedge)

Carry on, more to come…