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Greece on the brink

"Greece is the single largest determinant with what's going on with regard to sentiment," said Dan Greenhaus, equity market strategist at BTIG. "But there's a level of exhaustion. There's a sense that we want to get it over with."

For most of 2012, investors have largely ignored problems in Europe, pushing up all three indexes.

The Dow ended last week at its highest level since May 2008, while the Nasdaq -- up more than 11% for the year -- finished at its highest level since December 2000. U.S. stocks rallied Friday, following a much larger-than-expected increase in hiring and a surprise drop in the unemployment rate.

 


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