This Greek News Is Probably Why Markets Are Soaring

Why are markets higher in the US and skyrocketing in Europe?

It appears there may be some faint hopes of a coalition government.

This is from DJFXTrader

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This question of forming a government, and whether Greece will or will not have elections again in a few weeks is a huge deal.

If Greece can’t form a government, and elections take place, the odds are that the far left party will win and will not go along with any demands whatsoever, forcing a true showdown with the rest of Europe over Greece’s membership in the monetary union.

It’s still very likely that that’s what will happen: another election and a left wing government. But any glimmer of stability is good news for the markets.

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