You know what would be really funny? Well, dark comedy at this point. If Greece was the only one who could bail out Europe. Yeah, not likely. But it would bring a bit of levity to the market news of the past few days.
Although many investors had hoped for a relief rally after a slump in October, developed-market equities continued their sharp descent this month amid concerns ranging from rising Treasury yields to tariff wars. But even after the Nasdaq lost 3.3 percent on Monday because of a rout in technology shares, European stocks are still the bigger victims, erasing more than $1 trillion in market value since the end of September.