Much like the rest of peripheral Europe, Greek stocks have been on a rampage in the first few days of the year. Whether this is a global rotation into the junkiest of the junk – betting on the inevitable rescue and intervention to keep everyone safe, or merely front-running an ECB QE effort as inflation tumbles – is unclear but it is worth noting that this is the best start to a year for Greek stocks since 1994!! Remember Greece is not Japan (or Venezuela).
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via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/ccVYLmIoAfE/story01.htm Tyler Durden