Morning Comes Really Fast, and Greece is OK.
Look for Markets to Rise

This morning news came from Europe that Greek bonds will be paid, even with haircuts of some 53.4% and the coupons reduced.

Finance ministers from across the Eurozone have agreed to avoid a Greek default in March in view of a Greek bond redemption of some $19B.

To avoid the $19B payment default, the Eurozone agreed to a 2nd major bail out in as many years. This time, the money contribution is $171B or 130B euros. The IMF still needs to make its commitment, which its director, Christine Lagarde will do next month in front of the entire board.

Where finance ministers are paying attention to business, the ECB is making business work.It looks like this this thing might work. But let the devil in the details find its ability to drag equities. Anything can at this point.

Still, a fundamental driver in global economics has a new bandaid. And, if the bandaids can sustain until all the economic components start to drive on common gears, this entire global economy can do good. Lets' see.

With China easing its bank reserves, and Europe actually compounding their compression on the bleeding of Greece, we have some signs.