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Italy, France and now Spain… Oh My!

Site Administrator | November 22, 2011

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The only thing more flammable than gasoline is fear and that is spreading rapidly throughout Europe and the overall markets.  In addition to rising bond yields in Italy, we are seeing rising bond yields in Spain as well as rumors about downgrades in France.  The overall market started off strong in Globex trading by testing the 1200 area but has since fallen off 1.66% from those levels.  We take a look at the ES Futures, the Euro currency and important levels in today's daily report which can be viewed below:

 

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