Greek news is old news, everything was out on Fri: E-mini S&P 500 (Dollar) Jun 10 1184.75 +1.25 E-mini NASDAQ-100 Jun 10 2003.25 +4.75
Its being reported there will be a general strike on Wednesday implying it was more substantial than protests before. http://english.aljazeera.net/news/europe/2010/05/20105271346950543.html
Greece is just a face and name to the greater problem that exists in the failing experiment called "The Euro." Interestingly enough the plight of the Euro helped the US and by Proxy China who in turn helped the commodity rich nations such as Australia. The same old musical chairs issue exists and the business cycle is as alive as ever with even more volatility and likely to continue as such going forward as liquidity from the mature economies looks for a nest to roost. But what do I know. The next few weeks is going to be interesting and I think volatility will continue to increase.
Yeah. The Greek story is the same---crisis/bailout, lather, rinse, repeat. However at some point and it is coming soon the market is just gonna go f*#k it and wallstreet goes on vacation but sell or hedge before they go. It's already happening with selling on the pops. The sustained intermediate bull is over until the 1st week of July....