There’s a story about how Greece might decide to exit the Eurozone if it can’t reach a haircut deal with bondholders soon.
The EU may even discuss this possibility sometime in January.
Maybe these reports are based on information that’s being taken out of context or whatnot, but here’s the point…
If this story had come out in October/November, we’d be looking at some crazy negative market reaction to just these words GREECE and EXIT appearing in the same headlines.
For now, it seems, investors are buying that the crisis is off.