Stuck in a Tight Trading Range
With the S&P 500 locked in such a tight trading range, I'm not sure whether it's better to describe the market as frustrating or just plain dull.
With European markets up early this morning, it looks like Europe is voting for a breakout to the upside. But British Prime Minister David Cameron has threatened to put a spanner in the works, and he traveled to Brussels to keep the overzealous French from imposing a "Tobin tax" on financial transactions in the European Union. While such a tax might help bailout the wayward Greeks and Italians, it would put a serious dent in London's position as a leading global financial center. And there is no way that Cameron is going to let that happen....340 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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