No one wants austerity or financial reform, unless you are the asshole footing the bill.  It’s like a parent investing in their child to attend private school.  Germany is going to demand and expect good grades and behavior out of the child.  Greece is that child who is not allowed to fail because the parents have millions in cash reserves in a Trust Account.  The child knows it and uses drugs and fucks off his education because he knows he will be alright in the end.  The market knew it back in December and knows the lazy little shit will always be supported.  When grades start going to shit again, QE will come in the form of a private tutor and winship victory for the global markets.

I woke up around 5:30am to see the sp futs off by -7, what a reversal and surprise considering we were assuming the market was going to rip tits after the greek election.  On Sunday we witnessed a positive outcome for the Greek vote, a win for the new Democracy party which supports the bailout and the austerity-reforms that will keep Greece in the EU.  The market seems to be consolidating from the recent news of the newly elected Democracy leader for Greece and the austerity measures that will begin to take place.  Another classic case of buy the hope and sell the news.

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