Re:dip on Monday, according to the pundits on CNBC there is risk of a dip on the S&P on Monday if the rhetoric out of the EU Summit is not, at least, in the even keel of what we are hearing today.
Risk on trade today.
However, consensus is that EU will get it done and most likely on Wednesday, doing the authorization of the EFSF leverage. Then the overhang on the markets should lift and we'll see better markets.
Still volatility but upward trend.
One pundit calls for 1325 S&P year end. I still look for 1350 to 1400 year end.
And, I look for Euro/US to break 140 and go above 150. I have some paper and coin EURO and may cash them in. Just a handful but just for fun.
