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Trader2708 Comments (165)
 
Just watch this unravel, Germany now oficially thinks Greece will default. Deal assumes Greece will go back to "strong growth", and that is the most stupid thing to assume, bondholders won't get a dime. The so called deal between Dallara and Greece is a circus for their eyes only, hard default is in the cards. James Kostohryz was prophetically right, rift between Germany and the rest of the EZ will only broaden, and soon.
29 Jan, 04:32 AM

Bill S. Friend Comments (669)
 
Any deal now would not necessarily mean glad tidings for the worlds stock markets, but certainly a strong case for investing in precious metals. Greece may very well be the first dominoe to fall, it will be interesting what other countries are in line, and how far reaching the crisis will be.

29 Jan, 04:40 AM

Venerability Comments (1623)
 
The more interesting "leaks" are those about Jefferies and their participation in the "Euro Short of the Ages."

Good try, Bill, but the announcement of a deal will likely cause a humongous rally in world markets, right when China is coming back in.

The only ones this WON'T be good for are those in the still way, way, way overdone Short Euro trade.

Wait and see.
29 Jan, 08:50 AM

kyleg17 Comments (49)
 
They only have a couple days to get the deal done at this point so we should have answers very soon venerability. I doubt it will cause a humongous rally even if the deal does get done. The US market has too much resistance ahead to go any further and with plenty more headwinds ahead the market cannot run anymore.
29 Jan, 12:46 PM

Venerability Comments (1623)
 
I dunno, Kyle.

We shall see what we shall see.
31 Jan, 06:44 AM

Bill S. Friend Comments (669)
 
Its really basic math at this point, and its doubtful anything can be done to stem the tide even if Greece was a willing participant.
31 Jan, 09:15 AM

Venerability Comments (1623)
 
Markets are never "basic math."

They are 100 percent sentiment, which is in turn based on propaganda.

And frankly, the "Euro Short of the Ages" Boyz are losing the propaganda war via pure heavy-handedness. They seem to be sweating, and the Market sniffs out the Sweaty Ones, as lions cull the weakest impalas.
31 Jan, 09:44 AM