MONDAY 1/26/15; Greece Election Aftermath; US PMI Services; DHI; NSC; MSFT; TXN; PKG

The leftist anti-austerity Syriza party led by Alexis Tsipras wins the Greece elections trouncing the conservative party led by Antonis Smaras. Tsipras takes control proclaiming that “the Greeks wrote history” and have given him “a clear and powerful mandate.” The Syriza party gains 149 of the 300 government seats two short of the majority. Greece will pressure the ECB to reduce or remove the austerity measures causing headaches for President Draghi. The Syriza party and Greek and European leftists adopt singer/songwriter Patti Smith’s song “People Have the Power” as their street anthem.

As the Asian indexes prepare for Monday trading 














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Federal agents arrest one Russian man and are searching for two others in connection with a spy ring. The individuals allegedly recruited citizens in New York City to aid in gathering intelligence.

The blizzard bears down on the East Coast. New York announces a ban on driving in the city after 11 PM EST except for emergency vehicles. Transit lines are shutting down and will not reopen for a couple days. 30 inches (76 cm) of snow is expected. 5000 flights are cancelled. Connecticut is banning travel on the highways. The NYSE (New York Stock Exchange) plans to operate normally on Tuesday without a delay. Volume will be light.