Wall St jumps on U.S. commitment to Europe

The "reason" provided by the media. The only thing not predictable is the exact wording of the headline. Yesterday's "Set them Up Fellas" - COT Equity Money Flows analysis revealed that connected interests have been buying weakness long before this news flash. But then, why spoil the "big story" of the day?

The big headline flash simply makes the markets easier to understand for the public. Efficient market hypothesis suggests that every known piece of information is discounted in price. This interpretation leaves little room for the management and control of markets. Hah!

Stock indexes hit session highs in late morning trading on Wednesday as the euro jumped against the U.S. dollar after a government official said the United States would be ready to back a larger European financial stability fund via increased commitments to the International Monetary Fund

Source: reuters.com