Acropolis now

People are in a real glass-half-empty funk at the moment. But with the increasing likelyhood that ECB will step in and buy eurozone govt bonds, the market makes a minirally after a couple of days of severe declines. Market fundamentals do not justify the sentiment-led price declines, but it’s hard to believe that the greek gamechanger waiting with the finale around the corner will be solved in a way that will result a positive outcome for stocks.

This just proves that fundamentals are not back in play just yet. ECB press conf later today. Stay tuned.