Tuesday, May 11, 2010

A little less red

Dow Jones down just 26 points now. Nasdaq -3.13 and S&P 500 -3.23. Thinly-traded market, but moving up.

AAPL broke 254 briefly, erasing modest losses early. But one of the more interesting spectacles is the euro. FXE is lower at 126.24, while EUO (short euro) is 23.38 (+1.61%), near its high of the day.

There's an intriguing story at Zero Hedge about the possibility that French bankers are betting against the euro, creating yet another chapter in this bailout novel. Gotta go. EUO now at 23.42.

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