Greece Matters

It appears that the market was expecting Greece to be bailed out and it is starting to look like there will be no bailout. When politicians deny and spreads explode, I tend to believe the spreads. Greece defaulting seems like a significant event to me. In an unbalanced, over leveraged global economy negative surprises tend to happen.


Anonymous said...

I agree, and if you think this won't spread to other countries...guess what!

LOL on a different note
the word verification says "horking"
(whore-king)! I am not.

Anonymous said...

Anyone buying this dip?
The last few times Greece pulled the market down it rallied back.