2011-10-20 Viedeo: European News Keeps Market Hopes Alive

This morning, the S&P 500 Index e-mini futures (ES Z1) are trading higher by 6.25 points to 1212.75 per contract. The catalyst for the morning rally in the stock market is really the declining U.S. Dollar Index, however, the media will have you believe that it is the resolution in the European Union. The Troika said that Greece will receive a loan payment as soon as they pass the next austerity bill. How many austerity bills has this country passed in the past two years? This is getting ridiculous already. Oh well, the dollar is weaker and the stock market is higher, what else do we really need to know?

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