Financial markets stayed in tight ranges all week -- not at all calm, just waiting for more falling footwear.
Whistling noises from above: Greece is going to default, and soon, and its creditors are going to pretend that it hasn't, but the default will trigger obligations under credit-default swaps, the contagion vector to banks, followed by other "Club Med" nations wanting the same non-default default.
Federal Reserve Chairman Ben Bernanke's speech on Tuesday snipped the suspenders holding optimists' pants: The economy has slowed but will do better in six months (uh-huh), no new stimulus coming. Trying to pull pants up while texting "SELL!" can prove scandalous (see: Rep. Anthony Weiner, D-N.Y.), even if perps have seen the Bernanke