The SPX 500 sits about 15 point’s higher (screenshot as of 8:00am EST) than Friday’s close (12-02-11). Markets have risen as Merkel and Sarkozy try to come up with a proposal to solve the EU crisis. As this plan unfolds it will have to gain the confidence of the EU leaders. If they fail to come up with a feasible plan, we may see a selloff as investors park their assets in the USD.
