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"The can has been given a good solid kick down the road for a day or two or a week ... the decay...

  • Tuesday, May 31, 2011, 3:41 PM ET
    "The can has been given a good solid kick down the road for a day or two or a week ... the decay still exists and the pain will come back at a later time," writes Dennis Gartman of the Greek bailout leak that caused today's surge in the euro and rally in shares.
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    The markets move in milliseconds and are not so much discount mechanisms than instant snap shots of liquidity. The second the HFTs get wind of tightening or haircuts, they are out the door before the retail investor can say WTF?
    31 May 2011, 04:13 PM Reply Like
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