Have implied that this is a very serious situation in my previous Market posts.

It is.

This is a socialist country that wants it all without having to pay for it by themselves. The loans they need are to pay interest on their current debt. Greece does not want to provide collateral or pay their loans. Don't we all wish we could have it that way...

Deadlines keep changing and the latest for the vote-of-confidence will be today at around 5pm et. It is generally thought that it will pass and be good for Markets. If so, the Wednesday Market should take off. Then comes the Greece austerity measures vote some time later. If either do not pass, it could get ugly for Markets quick.

Asia and Europe Markets up overnight but anything can happen. It is thought that the EU and IMF cannot let Greece default. Same was thought of Lehman. And, the Markets got through it. Default may not come for Greece this week, but the future of three to six months is not looking bright.

Today's trading will likely be flat.

Protect yourself. Strongly suggest setting reasonable stop-loss orders on all plays today.