Stocks fall sharply as Greek deal is held up

"The economy in Greece is deteriorating faster than anticipated, and the austerity measures aren't particularly popular," said Mark Luschini, chief investment analyst at Janney Montgomery Scott. "There could be a disorderly default."

You think? So that is why they pay these guys millions... plus more millions in bonus. Can't slip a thing past old Luschini. Nope, never would have figured that out by looking at angry mobs hurling stones, fighting police and creating all around chaos.

Stocks did not fall sharply. This is a poor excuse for news reporting. Wonder what APs agenda is this time. Point 7 precent decrease, less than one percent. Next they will be reporting a 6 inch snow fall as the end of the world. Oh wait they have already done that.

Dear Greece Movers and Shakers:

My massive call option on QQQQ is in. Please announce a deal sometime Sunday and I'll sell at market open on Monday.

Hurry up. I've got my eye on an M5 over at my BMW dealer. Thanks!

health1

This is no news anymore... One would say that the Greek factor and all the hullabaloo about the domino effect in Europe should Greeks default should have been built into the markets long time ago. Everybody should realize by now that Greeks are finished.
So why are the Greeks still able to hold the whole world economy hostage? Why does this bankrupt, insignificant entity hold so much clout and inspire so much fear in investors? Puzzles me... At least there will be some good investment opportunities when Greeks finally throw the towel in and the chicken will commence mass exodus from the market.

89.23 points down as falling sharply? It's non sense!!!

Yeah, they fell sharply less than .75 percent.

Greece??

Other than tourism just what affect would Greece failing have on the world?

The game is to cover their own losses and butts; not Greece's.

Greece should default and get out of the EU. Banksters are trying to take over running governments now. If you don't believe me, look at how many are tied to Goldman Sachs.

There is no solution. Just a question of how can the wool be pulled over our eyes.

Did You Not See Or Expect This Drop??

The Euro needs to GO.. IT is a FAILURE. If Greece had its own currency Europe would not be in this mess. Only Greece would and they could devalue their currency and get out of it. BUT,, THEY cannot devalue the Euro. All they can do is bow to the Central Bankers who now OWN THEM. BUT, THAT IS THE PLAN. DO AS WE SAY OR NO MONEY FOR YOU! Just like the soup Nazi.

Complain all you want about GREECE,, what about our Congress who handed themselves 100% taxpayer funded retirement packages including a 100% medical care package that is outside the one they handed us with Medicare? They have a lot of nerve criticizing the Greeks when they have literally handed themselves a retirement package that they don't put ONE PENNY INTO!

Basically, the Greeks are just holding the rest of the world hostage. they won't give anything up.

Gimme a break! This a profit-taking Friday with the proceeds used to pay for happy-hour. There's simply no way that a nation of olive/cheese/goat eating over-paid bureaucrats/retirees can drive this much of a market shift. Besides, would someone explain the correlation between the greek crisis and the price of alcoa stock?

Either cut your spending or face oblivion.

ha! when this amount was UP nobody said SHARP rise... hee...hee...hee... get rid of the ponzi and let real business thrive. What is going on is that someone start a business using a foreign company to supply goods at ridiculously cheap price then report huge profit so that its stock price would escalate crazy. With the the expensive stock as collateral, take out bank loans to pay the loss making foreign company doing the supply. The real profit is from unreal stock price which is at multiple PEs. No wonder pensions funds are always losing big time to scams, everybody is in it except the common folks..

This is pure bullhocky. The market goes up and down incremently (or excremently). Write a piece when the markety moves 300 points. Otherwise stay in the cafe drinking your coffee. or whatever you toking. and f your editor.

Greece is toast, will be out of the Euro before the end of the year.

Let the fear mongering begin!

Is there any hope left for the old G.O.P. "establishment" Party ?
Dr.Paul is so far above the rest of the candidates on all counts that
favor liberty and good government that this race is, in effect, a "test"
of the basic intelligence and patriotism levels of G.O.P. establishment
PARTY "primary" voters.

************************* Rum-ney ** Get-rich ** Santa-run ** Dr.Paul **
Endless foreign aid.........YES........YES..........YES............NO
Balanced Budget............NO..........NO.............NO...........YES
Back HARD currency.....NO..........NO.............NO...........YES
End Big Brother FED......NO..........NO.............NO...........YES
Follow Constitution.........NO.........NO..............NO...........YES
Truthful..........................NO.........NO..............NO...........YES
Protect Liberty...............NO.........NO..............NO...........YES
Stop bloody Oil wars......NO.........NO..............NO...........YES
Corporate PAC backed...YES.......YES...........YES...........NO
Separate Church/State*. ?? .........?? ..............NO...........YES
*Muslim Nations are example of church & state mix.

Stand with Paul for peace with a big stick (military) for defense
OR
vote the others and be assured of more bloody oil & religious wars
to benefit the rich few and establishment politicians, oil companies,
arms makers/dealers, banks/wall street and more debt to pay for Big
Brother government for your grand children, that survive, to pay.

Now you know why the establishment fears Dr.Paul !
Now where do YOU stand ?