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.
Lawler: Observations Ahead of the December FOMC Meeting
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From housing economist Tom Lawler:
According to CME FedWatch, the “market-based” probability that the FOMC
will cut its federal funds rate target by 25 bp ...
4 hours ago