So much for a Greek deal getting "done" today, as the market had priced in for the nth countless time on Monday. Here is what happened moments ago according to Bloomberg and Reuters:
- GREEK GOVT SAYS CAN'T ACCEPT PROPOSALS SUBMITTED TODAY
- GREEK DELEGATION LEAVES EU COMMISSION
- SCHAEUBLE SEES INSUFFICIENT PROGRESS FOR GREECE DEAL TODAY
- SCHAEUBLE SAYS HE DOESN'T HAVE MUCH NEW TO SAY ON GREECE
- BELGIAN FINMIN SAYS: IT CAN'T REACH DEAL TODAY, WILL SEE IF CAN GET SOMEWHERE TOMORROW
- STUBB: WILL BE `POSITIVELY SURPRISED' IF WE GET A DEAL TODAY
From the scene of the ongoing crime:
Eurozone official says there was not much progress in meeting w/@atsipras [5]. "#Eurogroup [6] will be short." #Greece [7]
— Peter Spiegel (@SpiegelPeter) June 24, 2015 [8]
And so on, until the next round of buying ahead of the next rumor, until the next denial launches stocks even higher, ahead of more hopes of an imminent deal launches even more buying program, until the next round of rumors leds to new all time highs and so on, and so on...
In fact, here is the best summary:
Our government is pretending to screw us to cheat the Germans who want to screw us, but the Germans don't buy that, so it has to screw us.
— ????? ????????? (@Obscureobjet) June 24, 2015 [9]