An address by German Chancellor Angela Merkel and reports that unemployment has dropped to its lowest level since March of 2009 helped stocks finish their best week since 2008.
British Prime Minister David Cameron said in Berlin on Friday that Britain wanted to be a "positive player" in Europe, after inaugural talks with German Chancellor Angela Merkel in Berlin.
French President Nicolas Sarkozy said yesterday that talks had stalled, sparking a sell-off yesterday, however the opening low from Tuesday was not even breached.
Wall Street looking to the Euro-summit meeting this weekend for at least a partial solution to banking and sovereign debt issues. Bulls anxious to load up.
All eyes are on Europe once again to produce a plan that adequately addresses its longer-term bank and sovereign debt problems. There market has no room for failure at this point.
A euro-solution may not happen as soon as hoped for, and the market is down. Watch closely for signs that buyers are there to take advantage of bad news to buy.