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The debt crisis has once more infected the core of the Eurozone. Dow –0.8%, Stoxx 50 -2.9%, Germany -3.4%, France -2.8%, Italy -3.7%, Spain -2.7%, U.K. -1.8%. India is flat right now after yesterday’s 1.7% drop that saw make its 52 week low.
Two stories, taken together, show how fragile the US recovery is: Wall Street’s latest problem: too many bankers and not enough deals. (WSJ) Half of young college graduates either jobless or underemployed. (usatoday)
Lets just blame everything on High Frequency Trading: “the net effect of high frequency trading is to withdraw liquidity from the market” (FT)