Markets were quite on Friday as many traders were wary of committing to positions before the Greek elections today, given the risks involve either way.
From a longer term perspective, the results of the election are irrelevant, since it will change nothing as far as the economic fundamentals are concerned. Greece will continue to have too much debt that they can never pay back, and the only difference will be whether the newly-elected politicians can negotiate with the rest of the Eurozone to agree to measures that will merely postpone the underlying problems for a while more.
This looks to me to be an interesting period in European history, as friction between nations increase and there is a threat to the global financial system.
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