“A lot of the European stocks in our portfolio have already hit the targets we've had for them. At this point, we're buyers of puts as protection, the market seems too optimistic about the prospect for a Greek deal. The government has been elected to dump austerity, and Greek people don't care about the duration of the country's bonds, they care about jobs and salaries, so the standoff can last more than the market thinks.
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- Reuters 9 years ago
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