bulls have no worries

likely scenario

  • yes

    Votes: 1 16.7%

  • no

    Votes: 5 83.3%
  • Total voters
    6
  • Poll closed .
Z

zdreg

one or two more days like today goldman will get a call from the fed or it will be a wink from yellin and there will be a magical spike in the last half hour without any apparent reason.
 
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If you are scared from today's market action, just follow it till this Friday. I expect market to drop 4 times as it did today by Friday. Market will be very nervous about Greece election result. If Greece can walk away from debt, why shouldn't Portugal, Italy, Spain, Ireland,....
 
londonkid said:
Its no problem. Any speedbumps and the taps will get turned back on.
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Actually my opinion, have been net long all year, although i'm glad I lightened up on European equities before heading on long summer holidays, where the taps have been wide open lately but the market still struggling.
 
zdreg said:
it depends which side of the ocean you are on. puerto rico is the issue in the US. they woke up today.
http://www.cnbc.com/id/102764396
greece is less in size than many states in america but america consists of 50 states like puerto rico/ greece.
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Yes, I suspect the news from Puerto Rico coupled with greek default sent jitters in the US. For a while US looked strong today and then, plouf :(
 
hajimow said:
If you are scared from today's market action, just follow it till this Friday. I expect market to drop 4 times as it did today by Friday. Market will be very nervous about Greece election result. If Greece can walk away from debt, why shouldn't Portugal, Italy, Spain, Ireland,....
More...

Portugal may fall, but not Italy, Spain and Ireland, at least not in this day. Q
Greek has nothing to lose to gamble their future (technically they already have nothing leave so why not try their luck for the last time ?), but the cost is too expensive for Spain, Ireland or Italy to make a similar bet.
 
galvinlee888 said:
Portugal may fall, but not Italy, Spain and Ireland, at least not in this day. Q
.
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Politically Spain is much closer to flush its debt related engagements down the toilet and exit euro than Portugal, I wonder how the real estate market will react to a greek default in Spain, with Podemos holding mayor positions in the 2 main Spanish cities and advocating default.
Real estate might be cheap now in Spain but it will probably be even cheaper under the peseta.
 
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