Submitted by AVFMS on 10/27/2012 - 08:20
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Uhhhh. It just couldn’t last. Risk had been pushed higher and higher in anticipation, but a combination of reality-check, rather unsettling Q3 earnings and renewed Spanish jitters just made players come down hard from their previous week’s high flying exercise.Nothing new.
Spailout OMT still not in play. Greece, haggling not over. Earnings rather bad. PMIs dismal. Central Banks on hold, as everything is on the table, at least for the moment.