Russell 2000 fails to take out highs and reverses EURO comes into resistance. What a tortured machination these markets are in...
By the way, wasn't it just 6 or 7 months ago when Ben BURNanke said that the US financial system and banking system had little risk from sovereign or European stress. Now, apparently, he says exactly the opposite...what a surprise.
Meanwhile, the Greek deal is not done, likely will not get done as planned and the markets continue their tortured behavior.
2007: The Trillion Dollar Bear
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Note: CR is on vacation, and I will return on October 21st.
In December 2007, most analysts were still dramitically underestimating the
probably losses for...
8 hours ago