The Weak Action Is a Healthy Sign

This is the first morning with any notable weakness in eight days. So far, the initial bounce attempt was weak, and now we have a second leg down kicking in. With all the news scheduled to come out of Europe, there's anticipation for positive headlines. But the other side of the trade is that we've had such a big move recently that we are setup for a "sell the news" reaction, even if there are positive developments.

Not only do we have to wonder whether good news is already fully discounted, we also have to remember that the last couple of European summits were disappointing. The folks in Europe are great at announcing that they will make some important announcement, but actual results are almost nonexistent....145 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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