There is No Excuse for S&P Not To Downgrade Europe Now

The Merkel, Sarkozy, Cameron Circus put on quite a show last night. In reality, none of Europe's problems have been solved.

Sarkozy wasting no time in blaming Cameron, ridiculous. And the markets are up, even more ridiculous. A huge shor opportunity presents itself. You'd think there is no excuse for S&P not to downgrade Europe now.

Cameron: ""We're not in the euro and I'm glad we're not in the euro," "We're never going to join the euro and we're never going to give up this kind of sovereignty that these countries are having to give up."

(That's from what we think it's a fake Twitt, but they are quite good).