CJ posted a link to the fallout from a Greek de-facto default. Revenge of the Greeks
While Greece will not seek explicit revenge there is a fair amount of animosity toward their northern neighbors. The Greek people will not go quietly into the night. When the default comes it will hit all in the pocketbook and their history with the red party will assure plenty of street action. This will fan the distress in Europe. Question is, exactly when will Greece default or issue the devalued Drachma?
SP futures are back again to their 30-minute M/A with another, longer M/A converging.