It was Risk ON as the markets rallied on news that the Italian PM Signor Berlusconi will be resigning after an austerity vote.
The rumours that he is being recruited as a Republican presidential candidate are probably mistaken, although he would blend.
Why this resignation without an heir apparent introduced 'certainty' eluded me somewhat.
I suspect that the Wall Street wiseguys are planning their own version of death by bunga bunga for the investing public.