Noonan: "No optimism for Greek deal"-9:20 a.m.
Austria: "Game is finished on Greece" 9:40 a.m.
and a smattering of others from Dijsselbloem, Christine Largarde, etc...
It wouldn't seem to make a lot of sense to ramp the market while all of the earlier "possibly" good Greek news is being denied...
On the face of it, yes it seems very ridiculous to chase risk higher when all of the rumors are being denied fast and furiously, but who moves the market and who chases it?
If indeed we might be facing a Lehman Weekend as the talk has been most of the week, this would be.. ah last chance to get out and fast..
We'll give this opening volley a few minutes to simmer down and see what's left, I suspect it's not as it seems as is the norm for the market.
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