News that Greek leaders are talking about exiting the European Union triggered selling during the final hour before buyers stepped up around the 1310 level on the S&P. Europe tripped up the U.S. market again as the issues are far from resolved. With operation twist winding down, negative seasonality, slowing economic news, and the Facebook mess, the bulls will have a hard time gaining traction. With the bounce fizzling so quickly this afternoon, we’ll have to be ready for more down side pressure.
