Quick Greece Update

As the election results are tallied, and the New Democracy party appears to have won (Syriza has just conceded), things are appearing stable for the time being.

As I write this brief update, the September e-mini’s on the S&P 500 are up a paltry 6.5 points.  This over-hyped Greek election reminds me of a line from Hamlet:  “It is a tale, told by an idiot.  Filled with sound and fury; signifying nothing.”

Kind of like the Facebook IPO.

Update at 20:46:  Nikkei is up 2.2% in response to the Greek election results.