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.