SCOREBOARD: Stimulus suspense

European brinkmanship continued as the ECB dithered, while Wall Street was jumpy ahead of Ben Bernanke's Jackson Hole speech.

Most of the press suggests that last night’s market moves were driven by Spain’s decision to delay a request for a bailout. It’s a strange situation isn’t it. Spain is being forced into a bailout they wouldn’t need in a rational market, but they are delaying until they see the quid pro quo. Which is fair.

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