Another light volume day. Not much movement or much news. Europe holding off news before Spanish elections this weekend. Dow closed up 26 to 11796.23. S&P closed virtually flat at 1215.72.
Looking for a close below 1209 on the S&P to see conviction in the selling. I give this market two weeks to start to crumble in a cascading manner.
Italian banks may need another $8.2 billion in capital.
Super Committee results next week. Spanish elections over the weekend. ECB ruled out as lender of last resort. IMF previously ruled out as lender of last resort.
France's AAA rating potentially downgraded soon.
Have a great weekend!
No comments:
Post a Comment