The Phaserl


Turmoil In Europe, The Crude Oil Market And A Surprise Reserve Cut In China

from KingWorldNews:

Greece And Crude Send Stocks On A Spree – U.S. futures were strong pre-opening as talk of a compromise in Europe and renewed strength in crude had future traders champing at the bit.

When the opening bell rang, stocks shot up much further than futures had expected. They then continued higher, finally pausing at 10:00.

Stocks churned basically sideways through the morning, retesting, but not exceeding the 10:00 highs.

In late morning, I sent this explanatory note to friends:

Art Cashin continues @

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