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

This daily wrap contains excerpts from Wolf on Wall Street's End of Day Analysis



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I would be remiss not to mention the Dow finally closed over $13k





 Dow closes up + .18% and above $13k









Here's the Maginot line, note volume still hasn't picked up on a break above $13k and looked like it may give it up toward the