One Option Trading Blog https://ift.tt/2JaeBYr Posted 9:30 AM ET - Last week I told you that any surprise favors the downside. Many dark clouds are looming and we had another lightning strike. Bond yields in Italy and Spain have spiked and credit risk is on the rise. The S&P 500 is trading below major support at the 100-day moving average before the open. We should see a heavy dose of selling today. Credit risk is the one thing that can lead to sustained market declines. Yields have not reached critical levels, but PIIGS are once again on the radar. One of Europe's largest banks (Deutsche Bank) …
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