Fool me once...

Just who does Argentina's government think it's fooling? asks Bill Bonner.

Spain was down again before we noticed it was up. Yesterday morning, stocks all over the world were rising on hopes of a solution to the euro problem. By afternoon, the rally was over. The Dow ended the day down 142 points.

But that's the way the euro rescues go. The effects are more and more short-lived. Pretty soon, investors will realise they don't work at all... and then there won't be any up-surge, A new rescue plan will be announced. Investors will realise it is just another scammy fix. And stocks will go down.

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