WAKE UP: Markets Have Already Tanked And Then Soared, As Greece Dives Further Into Chaos

6:30 alarm clock wake up

Photo: Fisher power! via flickr

If you’re just waking up, you’ve already missed a huge day.It started off with hardcore selling of everything. US futures were down about 1.5%, and all the trouble spots in Europe (Italy, French banks, etc.) were getting crushed.

The big news of the morning was that Greek FinMin Evangelos Venizelos had publicly rebuked, in a letter, the referendum plans put forth by PM George Papandreou.

But things are moving fast.

Word is that Papandreou has lost his majority. There’s a good chance that he won’t survive Friday’s confidence vote, meaning the referendum is dead, for now.

So markets have bounced back nicely.

Germany is up 0.75%.

The Dow is pointing up by 20 points.

What a start to the day.

SEE ALSO: Here’s who gets smashed if Greece defaults >

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