Once Again, Currency Markets Lead Equities

It was a great day for markets and the Euro, until the dreaded downgrade of Greece. More important than the downgrade is the fact that each tick of the Euro/USD appears to move the S&P 500 and other equity indicies. Perhaps it is the new carry-trade or the fact that there is so much fear built [...] Related posts: World Markets – Connected via Propaganda? The Winning Investor: What Are Foreign Exchange Markets? Map to a Healthy – and Ailing – Markets