Wednesday, October 12, 2011

11:00 am update....

Stocks are broadly higher this morning as it seems there is optimism that the Euro crisis is subsiding.

Dow +96
Nas +32
S&P +14 to 1210

Note: The S&P 500 has climbed back above 1200.  This is a key level hold above...at least for the time being.  Gold and Silver are rallying as they seem to be tied to the Strength of the Euro.  Back when Gold and Silver were selling off, the rumor was that some European funds were selling to raise money for their Euro losses.  Now, as the Euro climbs back higher vs. the dollar, that selling has stopped.

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