EU Summit

Why are traders so nervous ahead of the EU summit?  Expectations are low already, plus nothing ever happens at these summits/meetings anyway and the market shrugs it off all the time.  Usually greeting the nervous investors with a gap up on Monday.  It proves what I believe to be a cornerstone of finance.  Perception overwhelms reality in the minds of Wall Street.  It doesn't matter what happens at this summit, Europe is well on the way to using the EFSF as a bailout vehicle.

P.S.  When they finally finish up the details of the EFSF, probably within 2 weeks, that will likely be the top of this move.