This got to be the easiest trade ever. Headfake number one is over. A panic sell followed by headfake number 2 at the end of this week. Then rising into the holiday with thin volume for no good reason, and lastly the Lehman style drama will unfold during the July 4th long weekend. Perfect timing. The market planers are taking retail investors for a ride, and this is not the first time. Amazing the scheme still works.
The big boys might want to continue the rumor game till the end of month. Greece is no deal. Now multi billionaires are looking for ways to contain its damage. Until then, enjoy the dead-man walking market.