The holiday shortened week is about to come to a merciful end. Stocks head into the close down about 0.6%, weighed down by a firmer dollar and lower commodities amid the usual Korean concerns and the impending bailout (or two) expected from Europe this weekend. Should Irish banks give bond investors haircuts, the euro will have a rough opening on Monday…
We sit right at 1.3235, the 61.8% retracement of the 1.2588/1.4280 rally.
