Article title: "Wall Street rebounds after EU deal, but more stress seen".
Oh! There has been a deal? Let's see what the article says:
An agreement on stricter budget rules for the euro zone went someway to address the structural problems behind the bloc's debt crisis, but investors said more was now needed to relieve stress in the region's troubled debt markets.
"Nothing really concrete has come out of that meeting yet, so it is a little surprising that we are seeing as much of an upturn as we have seen," said Peter Jankovskis, co-chief investment officer at OakBrook Investments in Lisle, Illinois.
And little later in the article:
The EU summit failed to secure changes to the EU treaty among all the member countries and investors warned the move was far from a panacea. Indications suggest the region is sliding into a recession and questions about how to bring down high sovereign debt yields are still unanswered.
And the market is up some 200 points.
Your call.
out
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