The Market
This market has been known to overreact to all sorts of news since the meltdown. Too much selling on one thing or the other way around. Then today, there's word of aid to Greece, so the market rally's, euro strengthens. Midday Germany comes out and says that they're not providing aid to Greece and there's no sell off? What's going on here, markets picking and choosing when to react/overeact/underreact? Just yesterday we sold off because of credit fears in the EU, and Germany comes out and says that they're not ledning a hand and no a point sell off. I find it really annoying. What you guys think.
Greece will definitely get a bailout at some point. Probably not from the EU but from the IMF.
They are in for more pain. These things usually take 3-6 months to play out fully.
I am waiting for their 10-year yields to break through 10%+ (currently around 6.75%)
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