The market is rallying nicely this morning on the heels of the headlines out of the EU summit. I had been skeptical that anything material would come out of the meeting. Despite the reaction this morning, I don't think the policies they put in place are really enough to tackle their problems. But I think many market participants had probably gotten too defensive lately.The EU leaders did say that bailout funds could be used to recapitalize banks directly, as opposed to having to go through the sovereigns. This helps at the...