Bounce Time

Futures screaming higher after the recent whackage on GM’s IPO and a and a European Union-led bailout package for Ireland (no word on Greece, however).

Bloomberg reports that Stocks rose around the world, the euro strengthened and commodities snapped two days of losses. Treasuries dropped, sending the yield on the 10-year note up two basis points to 2.90%. Silver increased 3.8 percent and oil added 1.8%.

The most recent sell off wiped more than $2 trillion off the value of global equities since the start of last week.

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