A deal, at least some sort of an agreement, is likely to emerge from the intense negotiations between Greece and its European Union “partners,” but the risk of a Greek “accident” is rising, according to a Bank of America Merrill Lynch report out yesterday. If a deal is reached, even if it is a bad deal, watch for the stock market to rally on the event. Markets are likely to rally regardless, yesterday’s research report said, as an overreaction to last weeks comments from Mario Draghi are likely to be corrected. BAML: Market overreacted to Draghi comments, due for a…
BAML Predicted Rally, Stocks Oblige Amid Greece "Deal"
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.