So the grand plan and final resolution was fianlly released late last night and the market has responded favorably at this point. This is the European “bazooka” that the market has been calling for and there was nothing extraordinary about this release.

So the market has responded with continued risk appetite, and table appears to be set for risk assets to rise heading into the end of the year. The Euro is known as the “anti-Dollar” so if Euro is rising, the US dollar is typically falling and that correlates with higher stocks and commodities which is what we are seeing.

The full-on details of the plan are still a little murky, and it will be interesting to see if contagion occurs in any of the other debt-laden countries or if anyone else seeks a Greek -style deal. So stay tuned for that one and in teh meantime enjoy the ride higher!