Agree it's going to take something special to drive the Dow beyond 1100, and that may be some sort of international aid package for Greece, not that Greece is that big a player in the world of trade. It is mostly just psychological worries rather than any real impact there. As for commodities, they are running on highs at the moment and the critical IO price has just jumped 90%.
The financing package is a given imo, it just needs to be announced. I would be happier if the ann came when the SP was a little further away from that Gap up we had last week, other wise it will be a classic case of buy the rumor sell the fact.
But if it does fall back then the Gap would be a topping up point for my mind.
GBG Price at posting:
$1.28 Sentiment: Buy Disclosure: Held
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