Intense Selling Is Back: Europe Down Hard, US Futures Sharply Lower

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That big three day rally from last Thursday through this Monday is feeling like a distant memory.

The intense selling is back.

Italy is off 2%.

Germany is down 1.8%.

France is down 1.8%, despite news that it will keep its AAA rating from S&P for the foreseeable future.

Meanwhile, all the big US index futures are off over 1.2% in early going.

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