Remember when we qualified [4]the end of day rumor which sent the DJIA up by 80 points, and resulted in a green close on absolutely nothing, as sheer "idiocy" qualifying the utter BS as follows, with key words underlined:
Greek conservative party leader Antonis Samaras is expected to deliver a letter of commitment to the country's international lenders on Wednesday, a government source said on Tuesday.
"Samaras' letter of commitment is expected to be handed in tomorrow morning," the government official told Reuters on condition of anonymity.
A senior official at the conservative New Democracy party confirmed that Samaras intended to sign the letter. There was no official comment from the party.
Sure enough, the rumor is now over.
- GREEK CONSERVATIVE PARTY SAYS POLICY MODIFICATIONS "MIGHT BE REQUIRED" FOR IMPLEMENTATION - RTRS
But don't expect the market to give up the gains . After all, the market only goes up on rumors, but never down on refutation, or as it is otherwise known, reality.