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