Deutsche Bank CEO Josef Ackerman, speaking in an interview on our air, said he was "confident we are getting closer to a comprehensive package" to address the European debt crisis.
Let's hope so: a lot is riding on a bunch of bureaucrats in Europe. The S&P 500 has busted through the top end of its two-month trading range; the CBOE Volatility Index (VIX) has dropped below 30 for the first time since exploding from 23 to 48 in the beginning of August.
Traders are expecting movement on four fronts: