I think Greece and Europe are hopeless. If they do a deal it will probably fall apart politically after a while because the voters won't stand for the austerity (Greece) and risk (Germany).

I'm fed up with the doom and gloom but that's the dish we've been served. What I really can't stand though are these journalists and bearish commentators dancing on the table in delight at the sight of Europe and the UK falling apart economically. I read the FT's Markets Live every day and they can barely disguise their glee. This is going to come down on all our heads eventually. I guess some people take more pleasure in seeing the destruction of things rather than the building of them.

I can just short everything and through necessity probably will if that's the way it's going to go, but I've realised lately I hate having these ringside seats every time the world descends into crisis, and I dispise the kind of people it brings out of the woodwork. Think I need a break :-)

I'm short a FTSE binary this morning. Hope I'm wrong. Otherwise I'm waiting until tomorrow to see if the EU can pull a rabbit out of their hat.

Kyoto, you might be right about your binary bet. 2 Way agree with you. They posted their Monday commentary as follows:
FTSE
Sell on rallies towards 5170 and target 5138. Stop above 5182.
OK they've had their stop hit already but they obviously think declines are still the order of the day.

End-of-day Market Overview