Looks like Greece is getting 4 more months to prepare for an exit. Nice way to kick the can. Greece will be much better prepared for a fight in 4 months.
Exactly. The only thing that matter is printing, and the ECB is about to print another 1T Euros, which should be good for 20% in the SPY.
There is simply far too much liquidity for this market to go down. This week pretty much proves it. Not even the threat of Grexit could stop the market from going up. Maybe once we hit 2300 or so, there can be a correction.
Sorry, but there's too much strength for any down move. When I see Apple or Facebook down 2% is when I believe we can be down for the day. Until then, I'm pretty sure Nasdaq will end green.
They delayed it to 15:30 GMT. I have a feeling they will come out after trading closes in the US and say that they reached no agreement. Greece will then say they are leaving the Euro and defaulting on their debt.
Yes. A Greek default would cost the Eurozone 400B Euros+ including more than 100B for the ECB via the ELA and the bonds it's holding. Basically, the Greeks can screw Europe for 200% of their GDP. It would only be a rational move for them to do so.