Europe is still running the show. At one point this morning Spain's index was down 3% after the pmi numbers show higher contraction then expected. So the S&P still just goes with fears and hopes from Europe. So the original fear was Greece contagion, and its happening in a sense but giving the recent track record and statements I'd except a central bank move. The real question is will it help? With that, its tough to be long risk anything when the biggest economy, the whole EU, is shrinking.
No comments:
Post a Comment