Recently, investors and traders have more or less tuned Europe out. The S&P 500 has risen above its 1,340 pre-summit level, short-term volatility (VXX) has dropped to complacent levels, and oil has jumped above $90. It's good that the market spent a few sessions without responding to every tick lower in the euro. The recent rally wiped out a lot of shorts and uninvested bears, and returned market emotions to a much more balanced level. That being said, a lot of investors probably missed some pretty big news out of Germany. For all the gloom and doom the media likes to feed the public, it's quite amazing how ... (full story)