Quote from Locutus:
I've been long the CAC40 for a while now and long SocGen calls (+3,6% today, tyvm) since the 16th.
I didn't hedge today because of the technical state of the market (which imo is very good) but I am quite worried about the fundamentals (Greece) now because I think the chances of the vote going unluckily are over 50%.
Still, even if the no-confidence thing goes through, I'm not convinced the market won't just ignore it (maybe a small dip), considering the people trading bonds have already agreed that Greece is going to default. It's not a surprise anymore and if contagion risk is being ignored today I don't see why it couldn't be ignored tomorrow.
By the way, CL still going down \o/