Market Open – Friday August 3, 2012

Thursday’s Wrap-Up: Market was on tenterhooks in the morning waiting for ECB President Mario Draghi to deliver on his ‘believe me” speech of last week. It had high hopes and was placed for perfection. Before ECB’s press conference, European stocks were higher on an average by +0.5% and North American futures by +0.3%. Then Super…

Around The Net In Ten Posts – Friday 3, 2012

Here is what I am reading: Gloves Off in Draghi-Weidmann Clash Over Bond Purchases (Bloomberg) UK should have waited to enforce austerity (The Financial Times) July Employment Report Preview (A Dash Of Insight) Goodbye to Shanghai (beyondbrics) Post-Crisis Iceland Is Test Site for Too-Big-to-Fail Prevention (Bloomberg) Corn Correction Overdue (Stock Trader’s Almanac) Silver: How low…