IIFT Daily Note with Peter Brown

Archive for October 12th, 2012


Market calms down, Spain moves closer to bailout request.

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The big support levels held for the Euro and the S&P at 1.2825  and 1420. The market put in an impressive rally from there. 1.2950  and 1437 were the highs. We shrugged off the bad news with regard the Spanish downgrade and rallied on the fact that Spain is closer Continue Reading →