The Greek end-game

An insightful article by Ambrose Evans-Pritchard.

He's right.

So why should we buy shares?

The only argument I can think of is that this will force the ECB to behave like a proper central bank and force it to act as a lender of last resort and supply unlimited funds to European banks.   But what if they don't?

Looks to me like the technicals suggest the market's going higher.  For now I'd be reasonably fully invested. But if the 30 day moving average turns down and the 150 day moving average at that point is still falling, I'll sell.