What "Deal" in Europe?

What "deal"? There is no deal in Europe over the looming Greek bankruptcy. Greece, France, Germany and China have agreed to nothing. So this is just talk-talk leading to more talking as Italy falls into crisis. Halligan is right. The latest "deal" will fail within weeks.

Global markets rallied on...nothing. Of course everyone wants economies to improve. But improvement has to be based upon reality rather than hope/talk. Then again, the markets are all emotion so no surprise when rumors spark exuberance. Some will earn a tidy sum selling into the rally if their timing is right. Most will just get kicked in the balls when the market falls again.