"Greece isn't the systemic risk that it was three years ago," he told CNBC's "Squawk Box."
"Focus on U.S. fundamentals, which have been really good."Now that the laughs are out of the way let's move on to this from ZH -
"March's exulted bounce in Durable Goods faded rapidly into April's disappointing drop and today we see May disappoint further with a 1.8% drop (against expectations of a 0.1% drop) having missed 5 of the last 7 months. Revisions are big and negative... so that's not helping and has pushed Durable Goods Orders NSA down 5.0% YoY - the largest 10-month slump since Dec09... the last time we dropped this much, The Fed unleashed QE3. Durable Goods Ex Transports and Core Capex are also both down YoY for 4 months in a row, flashing recessionary red."
And it's always a positive when a $140 Billion Bond Fund Goes To Cash As It "Braces For Bond-Market Collapse" right?
Congratulations Tom Lee, you just Cramerized yourself. I'm positive that in a few years the historians will reflect on your remarkable ignorance.
"To boot, record-low yields have prompted investors to pile into the same types of risky investors -- so it may be even more painful to get out with few potential buyers able to absorb mass selling"
Oh, and another arrow pointing straight at September - Fed Voter Powell Turmoils Markets After "September". Just another thing to ease my fear of this fall.
On to the lie -
The long awaited return of the charts should be tomorrow. Wednesday at the latest. Sorry for the delay. It got complicated then personal. You have not missed a thing and will not as Greece has everything captive. Bout the only thing to worry about will be support points when the Greece 'sell the news' moment hits. those will be easy to spot. They are gonna extend the debt till - you guessed it - September.
Freedom watch -
Still fretting TPA and TPP - Sessions tells GOP to shoot down Obama's trade bill. Not sure why, I'm positive this will not be all the lies Ocare was and will turn out just as spectacular as that did. Putting O in charge of trade for the country will be just swell.
Truth? TTIP is a corporatist scam and not a real free trade deal, says Ukip’s Douglas Carswell
More to come below.
Have a good day.
GL and GB!