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Euro-Greco Bounce

Posted By Barry Ritholtz On June 21, 2011 @ 6:33 am In Markets | Comments Disabled

The fear of a brief melt up in response to the eventual Greek rescue is why we covered shorts [1] yesterday.

Ahead of the confidence vote in Greece tonight, the euro and European markets are bouncing higher off of three-month lows. Asian stocks are also in the green.

I am running off to speak to Fund Allocators from Europe at a Citywire event — but I will be back later.


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[1] covered shorts: http://www.ritholtz.com/blog/2011/06/closing-out-shorts-39-cash/

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