The post-QECB euphoria in Greek asset markets was prognosticated by those who prefer to do such things as indicative that “the markets know something,” positive about Sunday’s (yesterday’s) election… because markets are efficient and always ‘price in’ events (just like 1987, 2000, 2008 etc…). However, this morning ugliness in both Greek stock (especially banks) and bond markets suggests it was nothing more than algo-driven carry-inspired short-squeezes as both stocks and bonds plunged at the open.