It looks like everyone is throwing in the towel on the Santa Claus rally, says BTIG's Daniel...

|By:, SA News Editor

It looks like everyone is throwing in the towel on the Santa Claus rally, says BTIG's Daniel Greenhaus. As the euro breaks below €1.30, traders have watched helplessly as European leaders flail about trying to find a workable solution to the debt crisis, but to no avail. Now, with stocks and commodities correlated so tightly with the euro, it appears that Santa may be coming down with a bout of European flu.