Tag Archives: Slope of Hope vs. Reality: Greek Assets Hammered

Mish /Mike Shedlock – Slope of Hope vs. Reality: Greek Assets Hammered, 3-Year Yield Near 17%; Worst Day Ever for Greek Bank Stocks – 29 January 2015

MishMikeShedlockInvestors who plowed into Greek assets ahead of Mario Draghi’s QE €60 billion a month bond-buying spree figuring the ECB could paper over this mess have been pounded almost nonstop recently.

Today alone, Greek bank shares plunged 22-29%, and yield on the 3-year Greek treasury hit 16.97%. Continue reading