We getting a little bounce here. I guess that 1076 was right on the money though it went a couple ticks below for a bounce. The Soveriegn debt in Europe seems to be the major problem to the sell off but remember we closing in on the later part of the earnings season and that will prove a problem for us to move higher if all the good news is 100% from earnings. All the other news being presented to the markets are negative so the true test will be key.
Greece is in trouble and who next in line is a toss up. All this means is that the FED will soon have to act and higher rates will be on us.
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