After the guaranteed Greek bailout will be Spain,Italy...they see how easy it is to get free money. Fiscal discipline is gone forever.
Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
So the US gets stuck with a flat session, Gap everything up then flat line for 6 hours. Im guessing if you don't just buy and sit there your going to miss out on the end of quarter jam up. This week will be one giant overnight gap up.
Amazing 1/3 of Fridays losses made up in the opening gap in Sundays ES session. The remaining 2/3 in the wee hours of Monday morning and 1/10 the volume it took to take it down Friday. Amazing simply amazing.
Twenty minutes ago:
Hopes faded that Greece and its creditors would strike a definitive deal on Monday to unlock €7.2bn of desperately needed bailout funds and save the country from default.
Hopes faded that Greece and its creditors would strike a definitive deal on Monday to unlock €7.2bn of desperately needed bailout funds and save the country from default.
Whats that? the deal that was supposed to be pushed through today is now pushed back, no way, say it aint so.....all talk and ZERO action, just to keep the markets satisfied they have to at least make pretend they are trying to do something to fix this crisis....
ecb raised greece's emergency funding for the third time in a week, hahahaha
as I have said over and over over and over and over like a broken fucking record is that there is NO SUCH THING AS FAILURE, everything is bailouts and QE, and TARP and zero interest rates, when does it end, when do they just let it do what its supposed to do, STOP STOP STOP intervening, this is why this crisis still exists, because of intervention, let the system take care of it....the same thing goes for the US, the crisis from 2007-2009 is still here, it never went away, all they had to do was let the system run its course, let the cycle run its course, recessions are actually healthy for economies, but no lets create worthless dollars out of thin air and pump it into the system and show everyone a rising stock market to make believe everything is back to normal when in reality its not...so here we are again, greece getting yet another bailout, who would have thought, raising the emergency funding 3 times in one week is a bailout.....
Greece deal pushed back; crunch talks continue
Matt Clinch | Katrina Bishop | Everett Rosenfeld
18 Mins AgoCNBC.com
105
SHARES
The head of the Eurogroup of euro zone finance ministers said he hopes to reach a deal with Greece later this week—dashing hopes of an agreement Monday.
The comments came after the European Central Bank raised the Greece's emergency funding for the third time in a week, and officials held crunch talks in an effort to prevent the country from defaulting on its debt.
ecb raised greece's emergency funding for the third time in a week, hahahaha
as I have said over and over over and over and over like a broken fucking record is that there is NO SUCH THING AS FAILURE, everything is bailouts and QE, and TARP and zero interest rates, when does it end, when do they just let it do what its supposed to do, STOP STOP STOP intervening, this is why this crisis still exists, because of intervention, let the system take care of it....the same thing goes for the US, the crisis from 2007-2009 is still here, it never went away, all they had to do was let the system run its course, let the cycle run its course, recessions are actually healthy for economies, but no lets create worthless dollars out of thin air and pump it into the system and show everyone a rising stock market to make believe everything is back to normal when in reality its not...so here we are again, greece getting yet another bailout, who would have thought, raising the emergency funding 3 times in one week is a bailout.....
Greece deal pushed back; crunch talks continue
Matt Clinch | Katrina Bishop | Everett Rosenfeld
18 Mins AgoCNBC.com
105
SHARES
The head of the Eurogroup of euro zone finance ministers said he hopes to reach a deal with Greece later this week—dashing hopes of an agreement Monday.
The comments came after the European Central Bank raised the Greece's emergency funding for the third time in a week, and officials held crunch talks in an effort to prevent the country from defaulting on its debt.
A meeting of eurozone finance ministers in Brussels broke up after two hours without agreement after Greece submitted its compromise proposals late on Sunday only to present a different document on Monday morning.
● Eurozone finance ministers meet without agreeement
● Eurogroup to meet again later in the week to try to reach a deal
● ECB raises ceiling on emergency funds for Greek banks by €2bn
● Withdrawals from Greek banks reach €2bn Friday-Sunday. Orders for at least €1bn in withdrawals today
Eurozone government leaders had been due to gather later on Monday to reach a last-ditch deal with Athens on its bailout terms. But Jeroen Dijsselbloem, president of the eurogroup of finance ministers, said instead they would be given an update on progress.
But earlier in the day, several finance ministers had pointed to confusion over the latest Greek proposals saying they had not had time to delve in to the detail. "There is always time, there is the will for a good agreement. Today an agreement is not possible," said Luis de Guindos, Spain’s finance minister. "We still need to analyse many details. There are many versions of the Greek proposal. I don't know which is the definitive one."
Wolfgang Schäuble, Germany’s finance minister who has taken a hardline stance on Greece’s bailout, said: "Without substantial proposals which can be examined seriously, we can't seriously prepare a euro summit."
Earlier on Monday stocks rallied and haven bond prices slid after eurozone officials expressed optimism that Greece could strike a deal with the region’s heads of government at Monday evening’s emergency summit.
● Eurozone finance ministers meet without agreeement
● Eurogroup to meet again later in the week to try to reach a deal
● ECB raises ceiling on emergency funds for Greek banks by €2bn
● Withdrawals from Greek banks reach €2bn Friday-Sunday. Orders for at least €1bn in withdrawals today
Eurozone government leaders had been due to gather later on Monday to reach a last-ditch deal with Athens on its bailout terms. But Jeroen Dijsselbloem, president of the eurogroup of finance ministers, said instead they would be given an update on progress.
But earlier in the day, several finance ministers had pointed to confusion over the latest Greek proposals saying they had not had time to delve in to the detail. "There is always time, there is the will for a good agreement. Today an agreement is not possible," said Luis de Guindos, Spain’s finance minister. "We still need to analyse many details. There are many versions of the Greek proposal. I don't know which is the definitive one."
Wolfgang Schäuble, Germany’s finance minister who has taken a hardline stance on Greece’s bailout, said: "Without substantial proposals which can be examined seriously, we can't seriously prepare a euro summit."
Earlier on Monday stocks rallied and haven bond prices slid after eurozone officials expressed optimism that Greece could strike a deal with the region’s heads of government at Monday evening’s emergency summit.
Here comes the second squirt higher.
ES now at 2116 second squirt coming up, by end of June new all time highs GUARANTEED FREE MONEY $$$$$$
WTF, is that for real????? this is a fucking game at this point, how the markets are floating higher on this greece news today is actually baffling me....especially after reading what I just read about them presenting a totally different document.....this is getting pathetic at this point.....everyone is being played at this point....
A meeting of eurozone finance ministers in Brussels broke up after two hours without agreement after Greece submitted its compromise proposals late on Sunday only to present a different document on Monday morning.
A meeting of eurozone finance ministers in Brussels broke up after two hours without agreement after Greece submitted its compromise proposals late on Sunday only to present a different document on Monday morning.
So once again they put out false and misleading headlines to juice stock markets. It's all to make the end of the second quarter look good. Earnings are coming up my guess is it's the same as it ever was. Lower the bar then jump over it....