EU Banc Stress Test announcement was release after the European markets were closed and the US market reacted to the downward rally, however, it became apparent that the Stress Test was not really a test at all. All the EU countries had done a bailout package in the tune of $1 trillion, but the US markets managed to gain its footing back and off to the upside we went. SPY closed above the 110 mark. There are some other things that need to be addressed, resolved before the music continues.
