Market finally calmsGreece gets its 100 billion debt cut. The banks are safe, for now.
Europe agrees to a leveraged bail out plan worth up to €1 trillion which is ought to help Greece and other countries that could get into trouble.
Things still are not solved but at least the market calms now because the can is being kicked down the road once again.
I honestly didn't expect an agreement to this extent.
Money goes back into stocks.
Looking at the charts it looks like the shorties have to get their positions cleaned up what's another reason for these big steps in indices all over the world.
German stock index jumped up over 5% into the close.
So it seems, at least for some time, until some people start asking questions again, the market could go up a little bit further.
Also Gold is up again today as uncertainties remain. Let the current euphoria settle and we'll see what the coming days/weeks/months will bring.