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Things are moving quite a bit in the stock market today, European markets are really in the red. I quickly looked and the decline is quite impressive – the Italian FTSE MIB is plunging by 3%, the Stoxx 50 is down 2.5%, the German DAX is losing 2.7%, and the British with the FTSE 100 and the French with the CAC 40 are "faring better" with about a 2% drop.
It's the kind of day when everyone is watching their positions. Interesting to see how the Italian markets are particularly affected right now. Those thinking about buying Italian stocks might find opportunities in this volatility, but clearly it's not the ideal time for short positions.