Black Monday

[sheda]

Yay for a boring rangebound week to come

 

[bond_trad3r_II]

I'm standing here tonight, and I'm afraid I don't hear a thing...

 

[bmwhendrix]

http://www.arabianmoney.net/private...or-financial-markets-as-greece-goes-bankrupt/

 

[Clubber Lang]

Yawn. This was expected for months.
Markets don't crash on known events.

 

[bond_trad3r_II]

Black Swan = all the facts were known but everyone missed it.

But me!

This is it Elite Traders. This is it.

 

[stevegee58]

I say let 'em crash.

 

[bond_trad3r_II]

What's limit down on futures?

 

[hajimow]

There was a interview on NPR with 3 economists and the way they explained Greece problem was scary. It is not just end of June 1.3B payment, It will be 6B, 9B,.... next months. One side should give in and no matter who, it will be ugly. Have you ever heard of ripple effect? It might spill over to places that you would not expect. I expect DOW to open down 85 points at 6PM ET today. Please don't fight with me. This is just my gut feeling.

 

[bond_trad3r_II]

185 down

 

[achilles28]

Yawn. This was expected for months.
Markets don't crash on known events.

Lehman?

I see Greece as being contained. Short-term global panic should provide a good buying opportunity later in the week/month. Central Banks run the world now. Global facilities and policies are in place to firewall Greece and backstop the entire system. No indication CB'ers will not backstop if contagion spreads.