World Markets and U.S. Futures Swing Intensely From Red to Black

World markets and futures swing back and forth wildly overnight as a number of factors converge. First off, Libyan rebels have taken over the Green Square in Tripoli. It is widely expected that Qaddafi will reign no more and that this should lower the price of oil….for now WTI is up and Brent is down; the spread is coming in.

Second, Germany is  reiterated yesterday that hey are not fond and will not consider, for the moment, any style of Euro bonds.

Lastly, there is wide speculation over Bernanke announcing or hinting fiscal stimulus later this week in Jackson Hole.

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