Market Update

It took only two days down to erase a whole month of gain during this period of extreme bullishness and exuberance. Hard to tell if buy the deep mentality is going to prevail, but the markets are oversold at this point. This still would make a really nice top to me...

(source: InteractiveBrokers)

By the way, on the Euro side of things: politicians (specially in the Eurozone) have been begging for a bailout of Greece in order to stabilize the Euro, and here's what happened since the bailout (3.05):

Flashback in 2007: Did you remember the Eurozone politicians complaining about the EUR/USD exchange rate because the euro "was too high"? Now, they are complaining about the EUR/USD "being too low"...