The S&P 500 dropped more than 1% again Monday, putting a damper on hopes for a Santa Claus rally in 2011. Once again, the source of the pessimism originates from across the pond. New ECB President Mario Draghi this morning discussed contingencies for a Euro zone break-up, a subject that his predecessor Jean-Claude Trichet avoided like the plague for fear of spooking the market. The UK remains…
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