Like most things the market is worried about, like decreases in economic activity or the inevitable coming decrease in consumer sentiment which follows the stock market like the sage the feigned humility, I wonder if all the Greece news is of a similar color. Would it be good or bad for the market if Greece were more or less austere and the EC, IMF, and other central banks were to buy their bonds at this or that price at the expense of others? The hypothesis that stocks can't go up unless the Greek crisis is settled with buying bonds and austerity is in the meme. When it is broken with a rise, infirmed, a new paradigm of rises related to the fed model will be available. Or at least I think this is a reasonable way of looking at future.


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