A lot has happened with Europe’s financial situation between the market’s expectations and policy officials’ efforts to stem the bleeding. Wavering between reassurance and fear, the net effect is that the concern has saturated the headlines and put the market on alert for big developments. It just so happens that we will have just such an event in the upcoming European trading session. Though Portugal drew discouraging interest when it taped the debt market for capital just this past week; the country is looking to raise funds once again Wednesday morning (10:30 AM GMT). The ECB has attempted to spark secondary market demand, various policy officials have tried to talk confidence into market participants and Japan has vowed outside capital. However, none of these efforts genuinely improves the situation – and the market realizes this. Therefore, volatility is a highly likely outcome. Perhaps this is the event that can revive investor sentiment – one way or the other.