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Markets Down Early, Can The Bernank Save The Day?

This morning, the futures markets are declining ahead of the opening bell. The catalyst for the declines are once again the likelihood of a Greek default. All of the European stock indexes are trading sharply lower to start the day. The S&P 500 Index e-mini futures (ES Z1) are trading lower by 11.00 points to 1075.25 per contract. The futures do have some short term support around this level, therefore, it is possible that this level can hold up as it will likely be defended for a little while.  Full video