With continued rumors out of Europe markets have recouped all of its overnight losses since Fridays close (11-07-11). The SPX 500 now sits about 3 points higher from Fridays close as of 10:00 am ET. Equities have had a tough time trying to break above the 1,260 area. If any major rumors come out of Europe today, we may be due for a rally in the USD as many search for safety in liquidity. Be sure to watch the VIX, which can sometimes give guidance as to how much volatility we may see.
