Stocks Rise As Greece Appears to Play Ball

With no economic reports due out today, equity traders found their initial positive influence coming out of Greece.  It seems the new Greek government has come to the realization that if they are ever to get their bailout, they will have adopt the mandated austerity measures.  Surprisingly a fairly dovish Fed President Lockhart said that rates could go up mid-year.  The Dow had been up 203 points but tailed off to a gain of 166 on the news.