Euro Melt Back on (already); Blue Monday for Stocks

12/12 Market comment

As shared over the weekend, the grand Friday EU Summit certainly did not yield any lasting solutions. Already in Europe today, BTPs Yielding 1% More In Two Days Since LCH Margin Cut http://www.zerohedge.com/node/441594. UBS is warning AAA-Rated Euro-Area Downgrade ‘Inevitable’. Add to that, Moody’s is warning of a Euro wide review of sovereign debt. The Italian 10 year is already back to 6.71% and closing in on a 7-handle. Greek CDS and yields... Please read more here: http://bit.ly/s1qQWX Thanks!