DislikedI think this is general risk aversion across the board. Triggered of course by the EZ situation.
We could see markets go from "recovery! recovery! recovery" to
"recovery! eurozone...goldman sachs... recovery" to
"goldman sach! EURO ZONE! EURO ZONE!!!" arrggghhh...
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[size=2]so even great S&P 500 EPS and ISM manuf data... which was pretty damn good was discounted. if this data was out last month, the market would be cheery as tweety on speed.
the way i see it, it's what news the...Ignored
when euro hits the fan, talk is that euro will be disbanded etc..
it's all about pushing the limit when you are short dollar or short euro, lol.
the ECB is conservative but not stupid.
regards,