Why buy a bloated price (toy) which only goes 300 some miles, could catch fire, has only a handful of battery charge stations with cheap oil for the next several years if not decade? Why spend $70,000, $90,000, $100,000 plus on an electric car when you can get a way better deal buying a top sports car, top BMW, top family car, what ever at $35,000 - $45,000. Only the very rich can afford a Tesla and with oil falling through the floor (the rich) will go back to their Porsche, BMW, Mercedes, and throw Tesla out the window.
and I don't give a rat's behind if they claim they will roll June debt into one big 1.7 IMF/ECB payment. The Greek's are not paying back a dime but they sure want more "Free" euros on the cheap. World markets tank next week knowing a Greek Default hits in June and there is nothing anyone can do about it. Except run for cover.
and its not even 6 pm yet on East Coast.
Tesla worth nothing with declining sales, Oil headed to $40 a barrel and world economies slowing down. No one wants to buy useless toys when cheap oil will be here for years if not decades.
and you thought little Greece was a Non-Event. HA
since the market seems to be picking up steam on the down side. When news break tomorrow that Greece is just days away from default - you will see Spy sink to $175 and keep falling. You have been "Warned".
Spy can't move higher since its a bloated pig that has gotten fat off Fed food. With the Fed about to tighten in September and Greece to default in June, Spy will soon be rotating over the barbecue pit, its fat juices dripping over the hot coals as it shrivels half in size. Time to "Stick a Fork" in Spy and enjoy the tasty sell off.
If so the "BULLS" will be black and blue all over. Especially if Greece misses IMF payment tomorrow and Russia invades Ukraine over weekend. Double punch to the Bulls gut.
Down she goes tomorrow boys as the Greeks says "Everyone gets a fat pension at the expense of the IMF, EU and ECB. Sure look ugly tomorrow as Greek Government says "We are broke but more bail out Money from Creditors will allow us to bloated pensions FOREVER.
Greece's top administrative court on Wednesday ruled that pension cuts adopted in 2012 as part of the country's tough bailout conditions were unconstitutional, and ordered the cash-strapped government to restore the payments to their previous levels. The Council of State's long-awaited ruling on private sector pensions comes as Greece's anti-austerity government is locked in tense talks with international creditors over reforms in return for urgently-needed rescue funds, with pensions seen as one of the key sticking points. The court's decision, which is not retroactive, calls for the government to restore the pensions to the level they were at before a November 2012 law came into effect lowering main and supplementary pensions by five to 10 percent.
so the only question is will the market drop 100, 150 or 200 points. You can see volatility in Asian, Europe and now U.S. markets increase as the Greek Government gives nothing but the "Middle Finger" to Europe Creditors. Default now T-19 days and counting.
The eurozone recovery isn't as strong as everyone thought — and it's the fault of Germany and the UK.
New data from Eurostat out Wednesday morning shows Europe's economy grew by 0.4% in the first three months of the year, short of analysts' forecasts of 0.5% expansion. Oh my - and now we have Europe economy slipping while China's economy is in a free fall.
Spy headed way South as in $190's very soon.
Yellen just told investors to dump stock and be prepared for a "major correction". Its game over for the bull now and no longer sell in May and go away. Its more like panic sell in May before your profits go up in smoke.
Sentiment: Strong Sell
I wish it could just be over with. This drip, drip, drip toward insolvency is hurting markets and slowly increasing volatility. Not a good combination to have heading into the long summer months since the Bull is starting to look very in the tooth.
Gee and I always thought those little "Green Men" who showed up in Crimea last year and Eastern Ukraine were from Mars. Now I know they are Russian soldiers sent by little Hitler (Putin) to kill innocent Ukrainians. So how is Russia going to spin this story???
he Ukrainian government on Sunday claimed to have captured two Russian officers who were operating in the rebel-controlled area. Ukrainian military spokesman Andriy Lysenko said on Sunday the two Russian officers have been taken prisoner by the volunteer Aidar battalion in the town of Shchastia, not far from the front line. He would not provide further details and said investigators were questioning the men. Aidar said on its Facebook page that the two officers were wounded and taken captive in a skirmish in the area early on Sunday.
I see Greece one day closer to default and crumbling Euro. Good for a 15% correction when it kicks in.
then when it come due it give the middle finger to IMF, EU, ECB and says "So Long Suckers".
You can smell the train wreck coming a mile away. Spain leftist party will win (big) come Fall elections and Spain most likely will turn into another Greece (but a lot bigger). If you think IMF, EU, ECB are all under pressure with Greece wait for what happens when Spain votes to enter the "Dark Side". Default Number 2
Donate now - rumor is Yannis Varoufakis wants a new chopper and his wife want a new mega-mansion. Its the Greek way - Suck up free money yet promise nothing in return. One has to wonder how many time Merkel is going to fall for this one way game?