The recent rally has not been enjoyed by just the upper-class of stocks. Stocks on the otc and otcbb market always enjoy insane volatility. The broader market is rallying today on news that Greece has agreed to terms for another bailout. Whether or not they actually make good on the promises is another matter entirely. However, the deal has worked to calm to the markets.
Outside of the EU sovereign debt crisis, geopolitical tensions are ratcheting up in the Middle East. Israel is laying the blame for the two attacks on diplomats in Georgia and India squarely on Iran. The accuse Iran with being complicit with Hezbollah in planning and carrying out the attacks. The news sent oil higher as fears of an Israeli strike over Iran’s nuclear program grow. [Read more...]