by the way if you wondering why the nasdaq is down, just look at micron technology, the stock was off the charts for quite some time climbing higher and higher, now its not doing well, earnings were a total miss bringing down the entire semiconductor index, so keep watch on that ....
Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
and there you go, rally time, nearly all losses from yesterday have disappeared, I'm telling you this market is going to surge once greece gets more bailout money, so don't worry about a thing, once greece gets its 9000th bailout stocks will surge as they usually do because in this world no one is allowed to fail, there is no such thing as defaulting, so they will give them more money and extend them at least another 3 months to get their act together and when those months pass and the next due date comes they will extend that one as well, so there is NO NEED TO WORRY, greece will get its bailout package this weekend and sunday night futures will be up an easy 1% so buy anything you can today and make free money come sunday night.
That felt like a short squeeze....... I do not think they will let Greece out of the Euro. Even though letting them fail is the right thing to do, by letting them fail it sends a stern message to the rest Spain & Italy to shape up. But in this day and age of ZERO risk and bailout nations, I think they will bail Greece out and deal with Italy & Spain when the time comes. I will leave a small long position open, as I act on my believes that they will bailout Greece.
I may be wrong, and if I am, The open position over the weekend will not do catastrophic damage to my account. So anyone else want to post there positions over the weekend. Remember no position is a position...so lets hear it.
I may be wrong, and if I am, The open position over the weekend will not do catastrophic damage to my account. So anyone else want to post there positions over the weekend. Remember no position is a position...so lets hear it.
I agree, they will bail them out and say the risk of not bailing them out was to great. They can use the favorite excuse used by Central Banks everywhere. Just think what may have happened if we did nothing.
EXACTLY, that will be what they say, "THE RISK OF NOT BAILING THEM OUT WAS TO GREAT"
The time to do nothing is RIGHT NOW RIGHT HERE and let it what ever has to be done, be done, let failure work for once, why do you think I still believe the crisis here in the US is far from over, its just getting started, those bailouts and QE only propped up a collapsing stock market, its all smoke and mirrors as trillions of debt piles high into the sky...
Sunday evening at 5pm when the stock index futures open, I can say with the utmost confidence they will gap it up just like last Sunday. Last Sunday the the SP500 emini contract gapped up 8 points. With the Greek bailout, im guessing a 20 point gap up. This will help them bring Q2 to a strong finish.
Volume today is average, I will be looking for a bullish candle at the sessions close today.