Stock advances! All eyes on US GDP, Euro seems ok for now kicking can down the road again

50% of the voluntary "haircut" under the rules, won't trigger the CDS contracts UNLESS Greece missed a payment.

$1.4Trillion EFSF is only about half of what is needed to solve the Whole problem. so we shall wait and see how long can it last.

if US GDP tonight is more than 2.4% we might see a sell off in GOLD and Rally in Dollar, and possibly a flat day. Dow Futures now up 200+ points.

Why? Because of the GDP is good, less chance of QE3, Less chance of QE3 = Dollar rally, Gold sell off. normally equity will sell off too but judging from what is happen kicking can down the road thing, investors are tired of any bad news. No news or little good news will keep the stock market intact. For now!

 Things might not be as ugly as it seems to be. There are less unknowns unknowns as from yesterday's deal.