Baffled by recent stock market volatility?
Don’t be.
Silvio’s men have the answer.
Oct. 10 (Bloomberg) — Italian Prime Minister Silvio Berlusconi’s Undersecretary Carlo Giovanardi said the government will study if it’s feasible to conduct drug tests on stock- exchange traders, with the help of the Milan Bourse and the country’s market regulator.
Giovanardi, who is in charge of family policy and drug prevention, said that the abuse of drugs including cocaine might explain part of recent stock volatility. Giovanardi made the comments in an interview published on KlausCondicio’s website.
And he might be on to something.
Drugs are certainly the best explanation we’ve heard for Monday’s stock market advance.
Well, certainly better than two European leaders agreeing that an agreement needs to be reached on bailing out the region’s banks.
You’d have to be high as a kite to believe that.
Er hang on a minute…
Related link:
Hormone bubbles – FT Alphaville