While US Equity Futures Rally 5%, Greece 1Y Gov Bond Yield 97%

In less than 24 hours, the S&P 500 Mini Futures ES rallied more than [Update: 55 points] 40 points, and in the process, making me hit my stop (grrr). The good news is? Greece 1Y bond is trading with a yield of [Update: 97%] 93% now.

The massive one-two day rallies are very typical of bear markets. Sooner or later, the "buy the dip" and the "stocks are cheap" mentality will come to an end. But before than, investors losses will zoom. This is the mentality that allows for bear markets to continue their course, and for us, evil short sellers to make bundles.

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