Listen to the wording in this one. Basically says the S&P 500 is done going up, and for a really good reason.
( "Commentators generally seem to believe that the Greek stance in the talks is unworkable, so that the risk of outright disaster is still growing, but markets are priced for some kind of stopgap-funding deal for Greece, which allows the ECB to continue financing Greek banks and lets talks continue," said Kit Juckes, a macro strategist at Société Générale, in a note.
Bottom line is earnings: While markets are likely to jump or drop on Greece headlines, Dan Greenhaus, chief strategist at BTIG, said that investors should remember stocks have also been here before.
Thinking beyond Greece, he told clients in a note that "incredibly poor guidance" from the S&P companies that have reported so far are keeping stocks from progressing. "Almost all companies that are providing guidance are guiding negatively, suggesting currencies are going to hit growth by a few percentage points," he said.) http://ih.advfn.com/p.php?pid=nmona&article=65447398
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