Thursday, December 8, 2011

The Market Appears Stuck at the Pre-Lehman Swan Dive Level (and what the MSCI eurobank index has done after the last 10 Eurozone meetings) SPX; SPY

From Market Anthropology:
As if the play by play from our European counterparts wasn't enough to bring back the traumatic memories of 2008 (quite seriously - it has been verbatim), the market has also returned to the pivotal price zone where it embarked upon its historic swan dive....MORE
HT: Abnormal Returns

From Reuters (click to enlarge):