The S&P has only seen 3 days with a drop of more than one percent on an intraday basis the whole year. There is not a single day this year where the S&P has closed down one percent or more.

Won't Get Fooled Again: I was 15 when the iconic Who album came out in 1971, and bought it. So, apparently, did some of the euro zone ministers. The ministers are no longer being fooled.

Market looking tired? Look at all the positive news we have had today: 1) Tentative Greek deal 2) Good jobless claims 3) Apple up 4 percent 4) Mortgage bank settlement 5) Bank of England continues to pump money into their economy. And the market is doing nothing.

Greek union leaders are not part of the Greek political coalition. Another 48-hour strike called for tomorrow and Friday. We still do not know exactly what Greek political leaders have agreed to.

The euro bounced, stocks rallied shortly after 8 a.m. ET on word that Greek political leaders had reached an agreement on the terms of the bailout package. They have reached an agreement — but is it just among themselves? Is it the deal the “troika” wanted?

Good news! Eurozone finance ministers have been summoned to Brussels Thursday to discuss the Greek debt deal. The only thing missing: a Greek debt deal.