A report that major central banks would be
ready to pump money into the financial system after the Greek elections
this weekend gave the stock market a late push higher.
The Reuters report said major central
banks were preparing for coordinated action if the results of Greek
elections on Sunday strain global financial markets.
The Dow Jones industrial average jumped
155.53 points to close at 12,651.91 Thursday. That’s a gain of 1.2
percent. The Dow jumped 100 points after the report came out then pulled
back.
Investors are on edge ahead of Greece’s
election this weekend because parties opposed to the terms of the
country’s financial bailout could take control of the government. If
that happens and the country leaves the euro, many fear the currency
union could be torn apart and European banks could fail.
My conclusion: Greec is on verge of Euro Exit, and all other news are just rumors to catch investor's stay with market
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