Who could have seen that coming? A US equity rally on the basis of an entirely manipulated Chinese stock market rally overnight and hope for a last minute Greek deal (dashed by calls for a massive EUR80billion bailout which zee Germans will never give in to). The Dow just experienced a 500-point-pump-and-dump as this morning's exuberant TV anchors are suddenly silenced by the reality that China and Greece matter after all...
After peaking right at the US Open (up over 1.4%) the Nasdaq has led the drop...
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Maybe China does matter after all...
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The Dow had quite a ride too...
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