and Putin ignores falling Ruble for his mad man craze for all of Ukraine.
Well one thing for sure - The Greeks just guaranteed a 300 plus market sell off tomorrow. And probably more sell offs to come the rest of the week.
Syriza could win outright majority as Greece rejects austerity. Greece's leftwing Syriza appeared on course to trounce the ruling conservatives in Sunday's snap election and could win the absolute majority it wants to fight international creditors' insistence on painful austerity measures. Syriza was on course to win between 149-151 seats in the 300 seat parliament, with 36.5 percent of the vote, almost nine points ahead of the conservative New Democracy party of Prime Minister Antonis Samaras, according to interior ministry projections, based on a partial count of the vote.
or should we just say Greece flushed it down the toilette. World markets set for a "Huge" correction tomorrow knowing that Greece is going to back out of Huge IOU's.
Sometimes the truth hurts - especially for the Bulls.
Then get ready to smoke the sucker over the barbecue pit because Europe as we know it - is about to END.
Not only will Syriza win Sunday's election - they will win it convincingly. Polls show Syriza lead growing with the possibility of a mini-landslide. When the dust settles Sunday night Syriza will be planning "default" while the Germans wonder if they will ever see their IOU"s paid off. Hardly
Unexpectedly, at the height of the Ukrainian winter, war has exploded anew on a half-dozen battered fronts across eastern Ukraine, accompanied by increasing evidence that Russian troops and Russian equipment have been pouring into the region again. A shaky cease-fire has all but vanished, with rebel leaders vowing fresh attacks. Civilians are being hit by deadly mortars at bus stops. Tanks are rumbling down snowy roads in rebel-held areas with soldiers in unmarked green uniforms sitting on their turrets, waving at bystanders — a disquieting echo of the “little green men” whose appearance in Crimea opened this stubborn conflict in the spring. The renewed fighting has dashed any hopes of reinvigorating a cease-fire signed in September and honored more in name than in fact since then. It has also put to rest the notion that Russia’s president, Vladimir V. Putin, would be so staggered by the twin blows of Western sanctions and a collapse in oil prices that he would forsake the separatists in order to foster better relations with the West.
Because come Monday after Syriza win, Zeus will be very upset and Poseidon will wash away all your Spy profits. Its going to be so bad Mount Olympus will end up in default and possibly taking Portugal with it.
knowing next week he could be on his back, four left sticking straight up and wondering what hit him. Hit - Its called the "Greece Default Bus".
and it all comes true Sunday. But low and behold over the weekend Merkel actually grows a back bone and gives Greece 30 days to pay off scheduled loan payments or leave the Euroland for good. Its now Syriza against Merkel and this time I think the Germans win.
Question is what does Merkel do when Portugal, Span and then Italy all say "screw our loans - we also want to leave Euroland" and start over fresh. What an awful quandary.
and we won't hit bottom until August, September this year. Just to much oil capacity for the next six months which will push oil, lower and lower and lower. If you like USO at $17.41 come back in the summer and it will be around $5 a share. Maybe lower.
Either panic selling today or investors taking profits. No one wants to be long the market going into next week. Especially Germany.
since world volatility is about to sky rocket. It all starts Sunday with Greek election and end next Friday with Putin marching into Donetsk, claiming 1/3 of Ukraine is now his.
Investors will sell today and sit on the sidelines next week as the market dive bombs over Syriza win in Sunday's Greece election. Merkel now putting on her huge German boots, to prepare to kick Greece out of Euroland. From my view point it sure looks ugly with dark clouds forming everywhere.
Just way to much volatility on the plate next week for SPY keep above $200 much less $190's. Russia aggression now in 6th gear. Odds of Greece defaulting have jumped to 80% by end of March and Yemen about to become the next Syria (as in ISIS hot bed). Market smells bad things coming and sells off today - and get set for a 400 market point drop early next week. Look Out Below.
With China, Japan and Europe in the toilet, corporate earnings (overseas) will be non-existent. Of course we always could trade Nukes with Russia, but that's a dangerous game.