Looks like another short squeeze rally, as stocks have now turned positive on the day. What a wild ride!!
Dow +9
Nas +28
S&P +6
Apparently sparking the turn higher in stocks the last few minutes is the recycling of news that EU financial ministers are looking into recapitalizing the banks. There aren't any details, just a realization from the leaders that not enough has been done to convince markets the banking system can absorb the hits from the debt crisis.
Sounds like more trader BS to me.
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