Monday, June 13, 2011

Greece chopped, but finnies gain

11:13 am (Hawaii) Bad news for Greece today, but the financials moved higher anyway. Citi was up 3.4% and FAZ has pulled back to 49+. FAZ ran from 45 to 52+ last week.

WSJ: S&P's Mrsnik: Hard to see Greece restructuring without default (June 13 2011)

Citi 5-day chart

Citi 1-year chart

FAZ year to date

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