For now, the markets seem to be pricing in an eventual orderly resolution of the Greek debt crisis. As long as a unified and clear solution remains elusive to the Euro Zone, euro would continue to weaken against the dollar, while gold would prosper on fear and uncertainty.
The Federal Reserve has lost all credibility on Wall Street, and most of the American public with the absolute refusal to recognize the dire effects on asset prices that QE2 has created. But the refusal is part of the problem.
Although Kraft and Starbucks each has found new partners after their bitter breakup, surging prices of coffee (34-year high) and sugar (30-year high in Feb.) could bring margin and cost pressures in the food and coffee sector.