Markets rally following Financial Times story that EU officials are looking at a bank recapitalization plan (ES rallies almost 50 points in last hour of trading); comments from EU's Rehn, Germany's Schauble and U.K.'s Osborne were all supportive of a plan to be put in quickly to ease market concerns...
This rally is very reactionary and if you are aggressive, a move like this can be sold. Just know what your exit strategy is, i.e. no defense against a continued move higher...
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