Gotta love ZERO RISK in the SP500 = $$$

[Nine_Ender]

Greece Bailouts....free bailouts and zero risk....just keep bailing them out, guess it didn't work since they are days from a so called default...

$145 BILLION BAILOUT in MAY 2010

$181 Billion bailout in July 2011

HOW MANY MORE HUNDREDS OF BILLIONS ARE THEY GOING TO RECEIVE

I'm sure the parties involved have a priority to best serve what is good for Greece moving forward and minimizes as much as possible the losses that various creditors have long term. I'm also sure they couldn't care less the impact good or bad on US equity markets.

In the 1970s ( I believe it was that decade ), most of South America defaulted on most of their loans. Canadian banks took a big hit. My point is life goes on, those South American countries started on a fresh basis and those who loaned them the money took the hit. If it was advantageous for Greece to default, I'm sure it would happen. I would suggest to you that international debt is a complicated topic and unless you are involved directly, your knee jerk reactions to the news don't achieve anything.

 

[Rickshaw Man]

Going long ES @2095.00. stop 2087.00

 

[Rickshaw Man]

We will close well off the lows.....got to keep the masses calm.

 

[Rickshaw Man]

Up we go

 

[Rickshaw Man]

Looks like we may get a bullish daily candle, tomorrows Friday...my advice, buy buy buy, I sure am.

 

[Rickshaw Man]

BACK UP THE TRUCK....LOAD UP PEOPLE, THE INDEX FUTURES LOVE TO RALLY OVERNIGHT.

 

[romik]

Looks like we may get a bullish daily candle, tomorrows Friday...my advice, buy buy buy, I sure am.

What's that claret on your chart me old China?

 

[hajimow]

What I don't understand about these meetings is why are they ending, do they go into these meeting for 18 mins and walk out.... with a country at risk of defaulting in just days they should just stick them in room until an agreement is made, even if it takes 398 hours, just let it happen.....I can almost guarantee you Greece will get what they want, they will wait until the last minute and just approve what ever they have in front of them, there is 0% chance of greece defaulting and if you don't believe it, book mark this post and will come back by June 30th when a deal is made and world markets are surging over 3% in one day since they have to have an agreement by then, greece cannot and will not default, so why cnbc and the media wastes every last word on this worthless dribble is beyond me....its all talk, its so washed up its not even news anymore, just like yellen and the fed with their rate hikes.... and its like US debt ceiling....when the debt is about to reach the top, they wait until the last minute and approve it by few more trillion and everything is peaches and cream once again...


Hopes of a deal between Greece and its creditors faded once again on Thursday, as the Eurogroup meeting of finance ministers quickly ended without any signs of an agreement.

Greece is expected to default on its debt at the end of the month unless it implements some tough reform measures in exchange for further financial aid.

We'll keep you updated with all the breaking news and market moves:

While I agree with you, I know the answer why they are delaying the deal. If they agree on the first or the second day, many people in Greece will think that their leaders were traitors and Germans will think their leader were so easy to give away their tax money to Greece. So they delay it till the last minute. They sit in a room and watch movies and tell jokes and in the last minute when Greeks are sweating and are worried that they will be kicked out of Eurozone and feel the reality, they announce the deal so everyone celebrates and claim victory.

 

[hajimow]

Good job to those who went short.

You are welcome. Yes we are smart. I did not want to be pain in the ass but you asked for it as you mentioned only senior guys should comment on this thread. Just check your day of joining with mine.
You called my 200 point drop as stupid and put 17865 stop loss as wise. Well you were stopped out and I won. Trend will be down and I don't care if the market is up 50 points tomorrow. I look at 3 months chart and it tells me something different.

 

[hajimow]

What's that claret on your chart me old China?

There is a delay for the time bulls accept that bull market is over and also there is a same delay when bears accept that down trend is over. I am afraid that to say that your prediction is delayed. There will be too hard to make money as long term bull in the near future unless you are planning at least a 2 year hold period. Market I directionless and has a taste of going down