Panic Attack

(1) Too much, too late for Greece? (2) Focusing on the short term. (3) Latest sentiment reading too bullish. (4) Too many betting against the Euro? (5) Reversion toward 200-dma on S&P 500 would amount to average correction in a bull market. (6) Governments gone wild. (7) Platinum, palladium, and Chinese car sales. (8) Purchasing managers are exuberant. (9) US consumers are not. (10) In Materials, overweight Industrial Gases and Specialty Chemicals. NOTICE: Our Morning Briefings are now available on FactSet.