Facts Greek bonds go to all time high. while the equity markets move up 3%. So options.
1. Bond market is wrong and Greece is fine.
2. Greece will default, but because ECB will bail out all the banks everything will be ok.
3. 99% of people have never seen a Greek Bond chart and don't understand that yield going up = bad, so they blindly buy.
4. Europe can implode and not effect the US markets.
Remember when everybody though the housing market wouldn't hurt anything else, or that Lehman collapse wouldn't effect anything else. I'm trying to remember what happened next?
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