as 9 million Greeks get ready to pack up and leave the country. Or shall we just say pack up and leave the Euro. Rumor also has it that suitcases are also selling like hot cakes in Portugal and Spain.
Putin won't like this move and neither will the Ruble -
NATO will deploy small units in six Eastern European nations to help coordinate a spearhead force set up in response to Russia's actions in Ukraine, the alliance's secretary-general said Friday. Jens Stoltenberg said the units in Estonia, Latvia, Lithuania, Poland, Bulgaria and Romania will be the first of their kind there. Defense ministers from the 28-nation military alliance will discuss the full force, which can react quickly to any hotspots in Europe, when they meet on Feb. 5.
since I think we will open near the $20 mark tomorrow. Buyers will come back now knowing the stock ramp higher into next earning's report.
that of course will bring in the buyers (across the board) and push Tvix lower. Be careful here since we should touch $2.90 tomorrow and then flat line. Best to hold your powder since market sold off 2, 3 days in a row.
and (interesting enough) massive short interest on SPY tomorrow.
Forbes - In anticipation of the withdrawal of troika support, economic theory suggests that depositors should begin to run Greek banks preemptively. Its coming to a theater near you this coming week.
You got it nick. And if you do a little more homework you will find the leader of the left party in Spain is young - 36 years old, ready to win this year's General Election and they guy has communist ties. He's a professor that says everyone is Spain should work 35 hour weeks and only pay taxes when the lights start to dim. Spain and probably Portugal are now history as far as the Euro goes, since they will be leaving sometime this year. Moron.
and if we get news Portugal will have an early election this year - Tvix might just double this week.
and with today news the Left - Wing Party Syriza controls the future of Greece, Europe shudders knowing that Portugal and Spain will follow suite - go Left this year and then leave the Euro.
With the last country leaving the Euro please leave a "thank you note to Merkel". Also nice to give thanks the Germans since they save while everyone else spend, spend, spend - like there is no tomorrow.
Let the Sell Off Begin (Boom)
A triumphant Alexis Tsipras told Greeks that his radical left Syriza party's win in Sunday's early general election meant an end to austerity and humiliation and that the country's regular and often fraught debt inspections were a thing of the past. "Today the Greek people have made history. Hope has made history," Tsipras said in his victory speech at a conference hall in central Athens.
All eyes will be on the opening of world financial markets after Syriza beat Prime Minister Antonis Samaras' incumbent conservatives. Analyst are called for a Major Market Sell Off - the likes we have not seen for quite a while.
Along with half their next egg. Oh My.
Greece's leftwing Syriza looked set for a comfortable victory over the ruling conservatives, an exit poll showed, with a chance of winning a full majority to face down international creditors and roll back years of painful austerity measures.
Now the only question is do we bury the Bull tomorrow (for good) or cook him dinner tonight???
Nope - Fear Greece Default Notice being mailed from Germany to new Greek government on Monday. Its called "welcome to the neighborhood and now leave". ASAP
and its really going to show its Ugly Face on Monday. Careful Spy Long - you could be walking into very, very deep correction next week.
Its all going to add up today and send Spy way down before market closes. No one will want to be long SPY over weekend with worldwide volatility exploding. Next week headlines will read
Greek Default and Europe Shudders
Putin - 1/3 of Ukraine is mine and I want more. Much More.
Saudi Arabia in Trouble. Isis now on both side of country and closing in.
And of course there are other headlines I'm omitting in other parts of the world, that are just as volatile and certain to happen. Spy free falls next week so be very careful longs.
just keep riding higher into the sunset? And for those who say the Greek election - probably default is a non-event I tend to differ. Since I remember what Greece did to world markets 2, 3 years ago. With that said my hunch is the market flat lines tomorrow and then sells off in the afternoon. There will be a ton of Greece news flooding all news channels/internet and that will finally get market's attention.
Question is - how much attention?