The euro is at 1.3079 as of this post down another cent on news that Angela Merkel said something she has said 100 times before but it is beginning to sink into the market that Germany actually means what it says when it comes to shelling our more money to save Europe. That answer has been and continues to be a resounding N O.

Markets are off their highs. Mlps are fractionally lower with nothing major happening in either direction. Markets will probably mark time until the fed announces.