By Mike “Mish” Shedlock (Guest Post)
The stock market and the bond market have different ideas regarding a Greek default. Yahoo! Finance reports Stocks jump on hopes for progress on Greece’s debt: Stock indexes jumped in another day of bumpy trading Wednesday after European leaders renewed pledges to help Greece avoid defaulting on its debts. The Dow Jones industrial average was up 194 points, or 1.8 percent, to 11,299 at 3 p.m. It had been down as many as 112 points within an hour after the opening bell. The leaders of Greece, France and Germany agreed in a teleconference that…
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