Trader XYZ

I just read that Greek bonds, which only 5 short months ago recorded a new record high yield of 100%, are now at 920%, very close to a 1000% yield! 



The S&P's rating action (from CC to Selective Default) and the subsequent ECB decision not to accept Greek bonds as collateral in light of the S&P rating's action has reduced these bonds to virtual scrap paper. The yield rises as the bond price

Some End of Day Analysis Excerpts from 

Wolf on Wall Street


Last night I saw some surprising news as details of the "Greek Bailout" continue to leak. It appears that a former Labor Minister in Greece spilled some details that included the right for Greek lenders to seize the gold in the Greek National bank. Reuters confirmed what the former labor minister said, saying they found it in the "