Bulls Make Big Push, And It's Already Fizzling

sprinters hurdlers hurdle runners track

Photo: flickr.com

Update: Markets are already backsliding with 55 minutes to go.Original post: After beingdown by as much as 1.5% earlier, in part due to the Spain downgrade news, markets are rallying back a bit with just over an hour to go before a long three-day weekend in the US.

Can they do it?

Right now the S&P 500 is off .7%, which, if we ended here, considering the big up day we had yesterday would be a satisfactory end for the bulls.

Here we go.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.