Stocks have been lower all day but they look be getting toward the meltdown point as we reach the final hour of trading. Shares are down 3.75%, prompting a resumption of the risk aversion trade.
EUR/USD has pulled back to 1.3135 from the 1.3180 area while USD/JPY is just below 89.00, pulling EUR/JPY below 117.00. AUD, CAD, and Kiwi are all on their collective keisters, re-establishing a pattern that dominated for much of the second half of 2008.
