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| 90 Seconds with Art Cashin: Can Draghi Help Greece? |
| 90 Seconds with Art Cashin: Bernanke's Sigh of Relief Rally |
| Cramer: 'Where's the SEC' on 'Absurd' IPO? |
| 90 Seconds with Art Cashin: I Worry When Politicians Get 'Comfortable with Defaults' |
| 90 Seconds with Art Cashin: Will the ECB Take a Haircut? |
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.
Big problem for ECB: Irish finance minister says if ECB offers discount on Greek bonds, that will strengthen Ireland's effort for concessions. This is Draghi's worst nightmare: one comes knocking, and they all come knocking.
By 11am ET, it had traded 3 million shares, 166 percent of its initial offer of 1.8 million shares. That means many shares have already been bought and sold several times in the first half hour of trading.