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Interestingly the verbal bazookas have been failing. Now Draghi is out with comments he wants Greece in the EUR, yet the currency is not moving much. Seems that people want to know how they can these 2 realities co-exist -Syriza doesn't want the bailout package/austerity but wants to stay in...

And by make sense I'm referring to his read on the government tatic and spin

ZH tweet that actually makes sense "Greek president uses bank run on Monday as leverage to form government; He fails. Now suddenly bank run is over after no govt formed."

Lots of these 'solutions' require the expectations of no solution existing. Which creates an edge being short risk assets till a panic point in which they will announce something

Can someone translate this for me? http://www.bloomberg.com/news/2012-05-15/merkel-s-first-hollande-meeting-yields-growth-offer-for-greece.html "German Chancellor Angela Merkel and French President Francois Hollande said they would consider measures to spur economic growth in Greece as long...

Is there any clarity on the exact period that those figures were taken out?There seems to be conflicting reports on that. If its since the election its not such a huge deal. If its monday specifically then the banks should be bankrupt pretty soon

You have an great track record for arguing in favor of hopeless viewpoints. I'm glad you kept it intact

EUR tanking on no deal in Greek politics. How come I got rebutted for suggesting Grexit was EUR negative?How come this isn't painfully obvious to anyone trading in the real world?

I've found Briefing.com stock lists incomplete, yahoo, google and thestreet.com also miss a stock upgrade and downgrade here and there and it gets very costly when they do. What are some other sites?

Seems to me that a Spain/Italy solution depends on expectations of no solution

Seems that the EU has started using the verbal bazookas sooner than expected with Junker 'nonsense' comments They only selling point they have in the Greek negotiations they have so far is 'less austerity', I'm not sure thats enough to convince them. The SYRIZA party demands stuff like not...

Plus if I'm wrong that Merkel and co will blink at the last second, its just going to be even better for the EUR short as contagion takes over and they will talk even tougher for the next few weeks. Main risk here is some kind of political surprise in Greece and more can kicking. I'm pretty...

I increased my EUR shorts quite a bit. I will monitor it closely though and start covering as it breaches 1.29

A possible dynamic that might play on the EUR is 1)People get increased worried about a Greece exit 2)The core EU authorities have an incentive to talk tough and pretend that if they don't follow the Troika program they will be kicked out of the EUR. As a result they talk out loud about this...

The core can raise money, specially Germany with the current ridiculous bund yields. When it comes to Spain and Italy bailouts its another issue, I'm not sure what is going to happen, I just know its not going to be good to be long risk till they announce something(And its going to take panic to...

Thats why I don't consider that some kind of long-term value play. Its merely a 'omg they lost $2b' to 'hmmm, who cares'. But the pinata thing seems to be playing out so far

I don't believe the Drachma peg would hold. In order to keep it 1-1 to the EUR they will need EUR reserves(lots of it) to contain market speculation. The government is broke and can't print EURs

Why you expect money printing in large scale?Under a default but no EUR exit, the fiscal transfers would be done automatically by haircuts on the debt held by the public EU sector. Further Greek bailouts(And it seems that they will need because they don't have the money to recap banks) might...

Lots of what they are saying its what they have to say. They can't say 'If Greece exits it will trigger the mother of all bank runs' so they say 'We can handle it' just like they said 'Greece won't default' to stop people from panicking

Buy panic sell histeria, you don't have to know the exact fair value to know that the odds are in your favor due human flaws leading to mispricings I'd be shocked if Buffett doesn't come out saying the same thing he said about WMT. Plus he has been more accomplished than Graham ever was...