globalook at a strategist, we have protests in , thank stephen is here you for joining us. >> you seehese images of protesters, is that something that should investors should pay attention to? >> short-term investors can take a look at how markets, trillions of dollars of movement over this crisis and sentiments towards a deal increase. in essence, yes, you should watch. -- take a look, you have european policymakers looking at improvement for the situation and the rest of the eurozone. this has moved down a good deal in terms of its ability to influence the world. heldthan 80% of greek debt in accounts. there is dramatic policy changes. it is a terrible situation for the greek people. alix: when you look at markets, despite the s&p 500 going down, what sort of signal is that for the market? we had these protests, but we did not see a huge loss. >> once the market feels that degrees does not have that dramatic overspill, it is comfortable going over the fact that conditions are improving. inhave dramatic improvement the growth of monetary aggregates, we have seen so little pass throug