The EOD Sewing Circle in Full Effect for a second day!

The market's got a lift from the typical late day rumor, this one from Reuters:

ESM BAIL-OUT FUND TO BE GIVEN BANKING LICENCE - DRAFT


Then ironically, again from Reuters:


Euro zone officials said a proposal to give the ESM a banking license -- which could allow it to access European Central Bank funds, boosting its firepower -- had been rejected.


Oh my!!! There's more to come....