Wall of worry

The markets are climbing the wall of worry…and there’s plenty to worry about….there’s Europe and Asia and the U.S. economies for just the first hundred things. But look at those futures climb this evening! And why is that? Maybe it’s all about the euro today? Here’s a blurb from the Wall Street Journal,

The European Union agreed an audacious €750 billion bailout plan in an effort to stanch a burgeoning sovereign debt crisis that began in Greece but now threatens the stability of financial markets world-wide.

The S&P futures already have a 16 point range and are up 30 handles from Friday’s close….and the markets have only been open 4 hours on a Sunday evening. This may be an interesting Monday.

Here’s some good reading on what really happened in Thursday’s 10-minute crash:
Feds trace flash crash to Chicago

Market Fragmentation May Get Review After Stock Drop

And more general stuff….
Sudden Selloff Rattles Small Investors’ Faith in the Market

EU to Set Up Fund to Prevent Spread of Greek Crisis