but come Monday longs will be ground to a pulp since any Greek vote that is 60 - 40 or 55- 45 or 50 - 50 (either way) will bring the DOW down 300 points and Volatility back with a Passion. Greece defaults next week and they might just do so with no government in place to print play money. And forget any bail out plan for Athens since all of Europe now knows the Greeks can't be trusted, will never face reality and certainly will never every pay back a dime they have or will receive from creditors in the future. Its game over boys and the Bull heads for the slaughter house and Spy heads for $180 in the very near future.
and it now guaranteed since Greek Prime Minister Alexis Tsipras will use Merkel's rejection of any negotiation as a ruse to call out the "No Vote" on Sunday. Yes the Greek voters will Vote No as Tsipras does his spin and tells Greek's "Europe plays with Greece like a doll that it no longer has any use for". Market still thinks there will be a Happy Ending, when all arrows now point to a massive train wreck called "Volatility".
Going to be wild swings come Wednesday, Thursday and Friday - all to the DOWN side.
Tsipras sounds a defiant note, saying that his government was not partaking in "ideological stubbornness," and Greece will never concede ground on reform proposals, he added that the country.
Sound like Yellen's speech tomorrow/or report - Yellen defiant rate hikes will happen this year if not September and world markets recoil in horror.
You got it wrong moveavgtrader. Warren stands up for the little guy while not filling her pockets with gold like Hillary does. Warren even takes on Obama who last I checked was a Democrat. Elizabeth Warren calls it as it is - "As In Too Big To Fail" regarding Banking is a disaster about to happen again like 2008. Get your head out of your dark hole moveavgtrader and realize Elizabeth Warren is a "true" Democratic who does not bow down to "Fat Wall Street Cats" who want to take from the poor and give to the rich. Oh and last I checked she is happily married, was a teacher in her past and hasn't been in D.C. long enough to become corrupt like half the politicians there. Hillary is a Fraud - Warren (if she ran) would be the next President of U.S. If you doubt me watch her wipe up the Republican in a debate. She would take Jeb Bush and group and wipe the floor with them, but of course she still claims she will not run. So I'd rather go with O'Malley though he is weak and in experienced then vote for two faced Hillary who lies every time a microphone is put in front of her face.
exactly but when does the SEC light come on and they sue the pants off Uvxy and Tvix. The up moves are always pennies, if that but the down moves are $2 - $3 dollars. Down down 160 and Tvix up 2 cents (Give Me A Break).
June 30th when 1.8 Billion dollars is due IMF and ECB. Until then Greece does nothing but spin, spin, spin. Then on June 30th Greece tells Creditors - Give us new bail out plan now or we walk (with your money in our back pocket). Never wise to go long the stock market when you can see the train wreck coming a mile away or on June 30th.
as Obama sends more U.S. troops to Iraq for an Iraq army that on fights while running backward. Hard to shoot in a straight line when you speciality is running from the enemy.
The problem is no one has the "balls" to take a stand. Europe leaders want to kick the can down the road but IMF (which has most of the Greek debt on its books) is playing tough for the time being. Merkel doesn't want to see Greece leave on her shift yet a solid majority of Germans don't want to lend another dime to the Greeks. In fact most Europeans are tired of Greece, tired of lending the country money they will never get back and tired of weak leaders. Many think Greek government is play poker and bluffing there way as long as they can. I'm in that party but at some point Greece needs to say we are better off defaulting and starting over again. Versus more IOU's, more Massive Debt, more doom and gloom. With Spain and Portugal elections now 4 - 6 months away the clock is ticking and one wrong mistake either way and the Euro as we know it could go up in smoke.
So what's propping up market today? IMF returns home mad at Greece. Germany wants out and Juncker seems to hate Greece Prime Minister's guts. Honestly if the market went up 250 points yesterday on good Greece news - it should be down today 200 points on Bad Greek news.
Always three steps up for every little step down.
Seems little Hitler has a soft spot for Prime Ministers who get shown the DOOR.
Boy what a train wreck with both PM going home on an empty stomach, but as we all know Greece does the dishes before they head back home. T-15 days now before Greek Default.
The EU scathingly rejected Athens's new bailout reform plan Wednesday, throwing into doubt a crunch meeting between Greek Prime Minister Alexis Tsipras and the leaders of Germany and France aimed at ending the crisis.
Greece deal nears as PM warns of eurozone collapse AFP
Greek PM to meet Merkel as bailout deal nears AFP
Greece, EU convene new crisis talks as debt payment looms AFP
Tsipras to meet EU's Juncker as Greece debt deadline looms AFP
EU's Juncker snubs Greek PM after 'absurd' debt deal rebuff Reuters
Brussels took just a day to dismiss the proposals that Greece submitted on Tuesday to its EU-IMF creditors, which have demanded tough reforms in exchange for giving Athens the rest of its international rescue package.
So we might default in 2016. All depends on how many Euros Germany wants to throw our way, but what ever they throw it must be a lot.
Throw it in the dumpster Merkel Screams.
The new reform proposal that Greece submitted to the institutions representing its creditors on Tuesday is not sufficient to strike a deal that would unlock new funding for cash-strapped Athens, three European Union officials said. "What has been submitted is not now where near sufficient to move the process forward," one EU official told Reuters. "It is not sufficient and not acceptable to member states, I would say," a second official said.
Its only right that you pay off all your debts (even if you're broke) before you leave the House of Euro. And on the way out give Putin a call before the door hits you hard on the back.
Copied from Uvxy board
Shorting Uvxy/Tvix here is suicide since Europe just put a gun to Syriza's head and said, "Sign on the dotted line or leave the Euro immediately". If anyone on this board thinks Europe will cave on Greece they are badly mistaken. Furthermore, Germany, Finland, Netherlands, Spain, etc., all want Greece out of the Euro.
So with Syriza missing IOU payment after payment and with several more (HUGE) IOU's coming due this month, July and August do you really think Greece is going to bend down and kiss the IMF, EU, ECB feet. Or even pay back the Billions they owe? Ain't going to happen which means "Volatility" is back in spades and will only increase to the end of the month when Greece defaults and the "Deck of Cards in Europe" comes tumbling down.
Tvix over a $1 tomorrow as it sets its sights on $2 a share by mid-June.
$207.50 since everyone (including Putin) is getting tired of Greek on coming train wreck. Plus now its a coin toss for a Fed rate hike in August, September or October. Pick your poison but market heading down for the month of June.
The business opportunities for FireEye are now limitless, but you have to buy in now to enjoy the easy double in stock price over next next few months. Once what was $50 a share will soon be $100 as China, Russia, Iran and North Korea ramp up "Hacking" to the max.