At 8:50 a.m. futures are moderately down, the dollar is mostly up against major world currencies, and the price of oil is slightly up. The market is poised to open mixed but mostly down at 9:30 a.m.
Investors are re-recognizing the Eurozone debt crisis. It had magically disappeared from the headlines over the last few weeks.
Here's the deal, Europe is in a major ongoing financial crisis from country to country, it's Euro Bop A Mole. Just when one fire is out another two or three start up.
Generally speaking, the market is still in for a correction so this week's weaker momentum is ordinary.
CNN: Stocks: Worries about Europe resurface
A lukewarm Spanish debt auction Wednesday resurfaced concerns about the country's ability to meet its 2012 budget deficit target.
"...there is just no resolution to Europe..."
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