The S&P is up 1.7% on hopes that Tim Geithner brings more than his Instamatic with him to Poland. The hope is he brings the secret sauce used by the Fed and the Treasury to help stabilize US markets after the Lehman collapse three years ago.
EUR/USD is running into sellers now just below the 1.3900 level after rebounding from 1.825 lows late in the European afternoon. 1.3935 is downtrend resistance drawn off of the 1.4550 highs from late August. Expect stops above that level.
