JPMorgan Warns Greece “Is Not Investable” As Germany Denies Any Deal Progress
by Tyler Durden
ZeroHedge.com
05/27/2015
Today’s entire surge in stocks and EURUSD was predicated on nothing more than momentum ignited from rumors of a report that a deal was imminent. So now that Germany has come out and stated – unequivocally – that:
*GERMAN GOVT SURPRISED BY GREEK REPORTS OF PROGRESS: OFFICIAL
One might imagine some of the ramp would be removed.. and it is in EURUSD, but not in stocks. However, as JPMorgan warns “hope is not an investment case. The longer we go without a deal, the less likely we believe a deal becomes/the higher the chance of Grexit.”
The Rest…HERE
