Friday, June 4, 2010
Europe is Back ALL Over the Headlines
No more BP. Europe in the headlines is everywhere this morning as Hungary is falling apart spreading to Austria, Spain bonds are blowing out, along with cds from some of the major countries (i.e. Germany and France), and Euro approaching 1.20. We are 15 minutes from the NFP report. It doesn't matter. Futures down but holding in there compared to news flow ahead of this report. If this number does manage to get the market positive you sell it.