Markets remain weak after no action out of the ECB. While they are working on reform for the debt crisis, markets see this as a possibility for trouble to emerge. U.S. equities pared half their losses by 10:30 am, but have since fallen back to the lows of the day.
Considering all that has happened in the last two days the markets should get a teflon grade A rating as we could have tanked hard. Wait for the close to see where we really end up.
The clam put has been pushed off for September. Markets are awaiting their fix.
[youtube://http://www.youtube.com/watch?v=N6uEMOeDZsA 450 300] If you enjoy the content at iBankCoin, please follow us on Twitter
