Friday, June 24, 2011

Waiting for Greece

It is pathetic how this market is all tied up on Greece.  The fate of trillions of dollars is in the hands of a bunch of Greek politicians.  I just cannot imagine us rallying strong into the austerity vote on Wednesday.  There is just too much uncertainty and the short squeeze yesterday on the Greek bailout news have people a bit complacent on Greece at the moment.  A lot of dominoes are still to fall in Europe.  Austerity vote not passing would bring a chaotic trading environment and would be trader's heaven.  Let's hope the Greeks say FU to the EU.

1 comment:

Anonymous said...

Greece drama is smokescreen for the real issue at hand which is contracting gdp growth and no jobs.