On Friday investors were wondering if bulls were off to the races, after the latest overseas developments suggested that EU crisis had finally turned a corner.Euro zone leaders shocked world markets with an agreement to allow rescue funds to be used to stabilize the region's banks. Details of the agreement, however, remain to be worked out. Nonetheless, “This signals a big change from Germany,” explains top hedge fund manager Anthony Scaramucci, managing parting of SkyBridge Capital. Prior to this announcement, investors didn’t think German Chancellor Angela Merkel would soften Germany’s stance on austerity.

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