Wow - the hits keep coming which means the Euro will drop further, Portugal could follow Greece to default land and Spain could easily follow. Sure Yell is the "News" today but Europe is the spark that will start a huge market correction.
Europe faces the risk of a second revolt by Left-wing forces in the South after Portugal’s Socialist Party vowed to defy austerity demands from the country’s creditors and block any further sackings of public officials. "We will carry out a reverse policy,” said Antonio Costa, the Socialist leader. Mr Costa said a clear majority of his party wants to halt the “obsession with austerity”.
and flat out Bulls won't know how to handle it. They will deny it, ignore it, lie about it but its going to happen. And a lot sooner then Bull's expect. Correction time baby is near and the days of the Bull - OVER.
China might not be far behind.
Greece owes around 1.5 billion euros to the IMF in June, and more than six billion euros are due to the European Central Bank in July and August. And do you really think the Greek Finance Minister has 7.5 billion Euros tucked under his mattress? HA
bagels_and_bacon - you need to look up the definition of the word "innocent". Then join ISIS so you can blown up by a drone by Fourth of July. Idiot.
Yep - and watch Iran go crazy over weekend as warships off Yemen start pointing missiles at each other, with fingers on fire button.
Agree, except it seems Russia (or shall I say Putin) now likes Greece girly men. Not for their looks or empty purse but for land to push his bogus gas pipeline through. Greece is broke but keeps finding more IMF debt to payoff mounting bills.
Some one will have to explain to me how Europe - Germany can bend over time and time again for spend first - save later Greece but ignore Portugal, Spain, Italy, Ireland, Belgium, Cyprus, when they all want the same treatment that Greece has gotten. You know - more billion euro loans with no intent of paying back. If you keep throw money at Greece you have to treat the other (broken) countries in Europe the same way. Give them all Billion in Euros and expect very little in return. Its either kick Greece out and move on or form a line straight to German banks for free Euros for 1/3 of Europe year after year after year. The Never Ending Story.
and sell off into close. We are not starting a long term sell off as Fed now 3 months from rate hike while China, Europe and possibly U.S. economy all start to fall. That's the long term picture. Short term we have Greece default, U.K breaking away from Euro and Putin about to take over 1/3 of Ukraine as our President sits on his hands and wonders why no one likes his bogus Iran Nuke deal. Sure look bleak going forward - Bulls.
you have to bend over to appease Portugal, Spain, Ireland, Italy, Belgium, Cyprus, and who knows who else. Germany is the only country in Europe keeping its head above water so the Germans better be very, very careful throwing another life line to Greece. If they do bail out Greece "AGAIN", they will have bail out 6 to 8 other European countries in the near future. And we all know you can only give blood for so long before you bleed to death.
Its still a game of "chicken" but the timeline now is very very tight. Greece has no intention of paying back any more payments to the IMF. Greece also will not cut pensions, nor extend bogus early retirement. Greece want is cake and ice cream too but all of Europe says "let them eat bread and set up their own soup kitchen" when the country defaults this month. Lets see how world markets take this news tomorrow but my hunch is we see a good size sell off as volatility increases across the board.
give it a year or two and with green house effect of raising ocean water six to twelve inches and you little speck of an island will be worth 2 cents. Best to sell now or end up with very degraded coastal Florida property that now one would touch with a ten foot pole.
and odds are increasing daily that the Greeks will not pay the IMF back 750 million tomorrow and will do a Grexit next week. So long Europe cause we hardly knew ya. And Britain about to walk away from Europe also. BOOM
If Greece leaves Euroland the "Bull" is history. And if you doubt me look at what happened to world markets in 2012 when Greece was on the edge. World market tanked "Big Time". Scary stuff if your long Spy.
Greece will stick to its "red-line" promises to its electorate and not make concessions in its negotiations with creditors, says a government spokesman. Gabriel Sakellaridis said at a press conference in Athens that labour and pension issues are non negotiable. "We won't go beyond the limits of our red lines. It's clear that we cannot cut pensions."
over next week. And if Greece actually does default Spy could be trading in the $140 to $150 range. Its going to ugly boys so please don't go long Spy or you could lose everything in the "flash of an eye".
Sentiment: Strong Sell
and with those odds its best to stay away from Spy unless you want to lose fingers and toes over next few weeks. months.
my old Viet Nam uniform and you agree not to nuke Israel until Obama and I are out of office. Is that Fair?
OK you want more - OK then. Take my wife since she hardly sees me anymore with all these late night meetings overseas. We've grown apart over the years and I'd rather have her living in a terrorist country like Iran versus in America where our President thinks every third world country should have a Nuke and a Muslim following.
Stocks are lower on Wednesday and the high-flying biotech sector is leading the way down, with the iShares ETF that tracks the sector falling more than 3%. And as the sector has weakened over the last several days, this sell off is starting to look at lot like the sell off we saw in the sector last year.
In fact, from late February through mid April of ‘14, the Nasdaq Biotech Index gave up all of its gains from the first two months and was even down on the year for a brief period, falling a total of 21% But analysts now feel this recent sell off will be way bigger on the down side.