- The Big Picture - http://www.ritholtz.com/blog -
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.
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2011/06/euro-greco-bounce/
URLs in this post:
[1] covered shorts: http://www.ritholtz.com/blog/2011/06/closing-out-shorts-39-cash/
Click here to print.
Copyright © 2008 The Big Picture. All rights reserved.