Please tell me your kidding? The market is rallying today on the Greece situation as well as a European rate cut. Forget the fact that Japan cut rates for over a decade and hasnt been able to fuel growth on the backs of its savers. And, forget the fact that Greece’s GNP is less than the state of North Carolina. I suppose it’s a good a reason as any to take the market up today.
But, from our perspective, the market is greatly overvalued and one bad news story from a catastrophy. Be aware, be careful.