BAML Predicted Rally, Stocks Oblige Amid Greece "Deal"

A deal, at least some sort of an agreement, is likely to emerge from the intense negotiations between Greece and its European Union "partners," but the risk of a Greek “accident” is rising, according to a Bank of America Merrill Lynch report out yesterday. If a deal is reached, even if it is a bad deal, watch for the stock market to rally on the event. Markets are likely to rally regardless, yesterday's research report said, as an overreaction to last weeks comments from Mario Draghi are likely to be corrected.

BAML: Market overreacted to Draghi comments, due for a correction

It is...