It seemed pretty clear for a few months now that the uncertainty in Europe was really scaring investors, who were looking for any reason to buy. Now, we have proof. The S&P 500
He promised to save the euro at all costs, guaranteed that measures “will be enough,” and settled the widespread doubts that the European woes could sink the markets. But, just like the three straight days of big losses did not mean a return to 2008-level prices, this recovery does not mean the end of a crisis. Citigroup now sees a Greek Euro exit at 90%, and the Midwest drought is starting to hit insurance companies, as well as farmers and food-related businesses. In the end, it’s just another indication that a buy-and-hold strategy will reward investors in the long term.
Telecom lightweights won big today. The industry already got a jolt from big players AT&T and Verizon – both companies posted solid earnings – and, today, Sprint
The shares of cloud platform provider Akamai Technologies
Finally, Western Digital
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Fool contributor Will Chavey owns no shares of the stocks mentioned above. The Motley Fool owns shares of Citigroup and Western Digital. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.