The good news is that we are not seeing the type of exuberance today that we saw going into the Greek vote of confidence last week. That means that if the austerity measures pass we are unlikely to see the type of violent "sell the news" reaction we saw last week.
The bad news is that the Greek parliament still needs to pass the austerity measures in order for us to reach that point. If we do get a "sell the news" reaction I believe it could be bought. If Greece does not pass the austerity measures all bets are off. Have a good night.