Between greece and job reports and the ecb this could be a very volatile ending to the week, as for greece its been the same story over and over again, they have to pay a few hundred million this week thats due, wondering how that will end up...anyway greece news is old news, they will continue to get bailed out just like the others...
Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
Greece problem explained for dummies:
Basically it is years that every time that Greece loan is due they say ok we cannot pay you that 4 billion, give us 10 billion now and we will pay you that 4 billion and after 6 months they say we cannot pay you that 5 billion now, loan us 12 billion now and then we can pay you that 5 billion and this story goes on and on....
My prediction is that the job report on Friday will be below 170k.
Basically it is years that every time that Greece loan is due they say ok we cannot pay you that 4 billion, give us 10 billion now and we will pay you that 4 billion and after 6 months they say we cannot pay you that 5 billion now, loan us 12 billion now and then we can pay you that 5 billion and this story goes on and on....
My prediction is that the job report on Friday will be below 170k.
170k when expectations 227k? But will the market rally anyway?
I am not sure how the market will react. As you said it should go up but not sure yet. I also see the inflation will pick up as the gas prices are back to as they were when oil was 100. I pay $3.90 for regular gas in California.
Oh look the futures are up overnight...SHOCKER!
LOOKS LIKE A HIGHER OPEN ON WALL STREET .... SHOUTS CNBC
Huge jump in futures.....im thinking markets are excited about comments out of draghi and the ecb...remember the ecb is just as dovish as yellen and the rest of her friendly fed friends.....anytime they speak markets are 100% guaranteed to go up...just keep those bubbles inflated....
I said it will go up one last time, i.e. parabolic swing, but nothing lasts forever...