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Bobbys Corner-Open Market-October.19.2011

Good Morning:

The Euro advanced on news that the European rescue fund will get a boost-and that Germany and France support the increased fund size to ease the pressure of the debt crisis in the region.
European assets drew demand, as investors are looking for a resolution by this weekend-when the Euro Zone has a summit planned with their leaders and Finance Ministers.
The markets seem very positive that the EFSF (European Financial Stability Facility) will work, and that European leaders will come to an agrement this weekend.
In Greece this morning-demonstrations that were scheduled for today to protest increased austerity measures has turned violent in the last 1/2 hour.
The programs that took care of the Greek populous from cradle to grave are no longer fiscally possible-and the population is rebelling-but at this time there are no alternatives except to stop these entitlement programs that have sapped the nations coffers.

Most Asian equity markets were higher-and Europe is higher across the board.  US Futures are only a few points on the negative side at this time.

Today we have data on CPI and housing-but markets are squarely focused on Europe.