It did not take long but after the up open of about 150 we are now almost flat and nasdaq is down. In fact please note that the nasdaq chart, which was the first to break out in this recent rally is now the first to be breaking down. 2600 is the magic place for me and the 2575. And btw in Euro news they are going after France now as rates there are soaring and yield spreads widening. MLPS are up 2 points on the index but it remains all about Europe.