Mr. Market is bouncing back on hopes that the Troika will flush more cash down the Greek rat-hole.
While this is a short-term positive, it does not solve the fundamental issue that Greece is unlikely to ever be able to make good on all its debts.
Say it with me now: They are kicking the can down the road…
Solid sellers are seen in the 1.3705/15 window. Stops are at 1.3720/25.
Stocks have cut their early losses in half and are now down about 1%.
