Look at National Bank of Greece chart
http://www.pensionpartners.com/marketwatch/nbgivv020812large.JPG
''But what do you notice on the far right of the chart? There has been an enormous move, consistent with the behavior of a distressed company coming out of debt restructuring. The advance since the Jan. 9th low for NBG has been a shocking 140% through Feb. 7th. Why would investors be positioning into the National Bank of Greece if they felt that Greece was going to default, and that the entire financial system would collapse?
Is Greece basically telling us that Greece no longer matters and that a positive surprise may be coming? ''