All it took was for a few key stop losses to be activated yesterday midmorning to get this market to act temporarily trigger happy ahead of Helicopter Ben’s all important keynote speech in Jackson Hole this morning. Even month end requests managed to make matters much easier for dealers. Global equities and the EUR had been trading heavy on bearish market sentiment; mostly driven by reports that Spain would delay any request for an official bailout. Also aiding the negative push is the IMF looking for more accommodative action from the ECB. Combined, it was reason enough to give this nervous market the thumbs up to ... (full story)