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Greece has an economy the size of 2005 Detroit, ECB can buy up bonds on the periphery. What worries me more is if Greece decides to leave the Union v Structured default and set off inflation in the Eurozone especially if left wingers take over completely in Spain and Portugal. Then we have the very real chance of ECB being forced to raise rates to curtail inflation, thus Hendersonville the $470b in exports from US to Europe.
Eta: missed the lol by seven seconds. |
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This. I think Greece is already priced in the market. View Quote View All Quotes View All Quotes Quoted:
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The Greek "CRISIS"!!!!!111!!! has been going on for what, 7 years now? This. I think Greece is already priced in the market. Agree. I presume Wall St has been modeling it semi-continuously |
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I laugh every time the stock bulls poke their chest out about holding paper.
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Agree. I presume Wall St has been modeling it semi-continuously View Quote View All Quotes View All Quotes Quoted:
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The Greek "CRISIS"!!!!!111!!! has been going on for what, 7 years now? This. I think Greece is already priced in the market. Agree. I presume Wall St has been modeling it semi-continuously Might be some dip on default. According to Cramer, if there's a default, buy in on day two in the afternoon. |
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It’s unbelievable how much larger is the truly unemployed part of the labour force in the south Eurozone countries, which are particularly hit by the economic crisis and the subsequent severe austerity measures, imposed on them by Brussels and Berlin. In Spain, with the officially recognised unemployment rate at 26% one has to add another 6.4% of underemployed part-time workers, plus 5.1% of people not seeking a job but available for work and another 1% of seeking but not available. That makes a total of a killing 38.5% of the labour force without labour.
In Greece with the official rate at 27%, the unemployed part-timers are another 4.3%, plus 1.9% of persons available but tired of seeking and 0.7% of seeking but not immediately available. That makes a total of 33.9%. View Quote Eurostat: Real unemployment |
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I guess I have to wait until tomorrow to embed "Eve of Destruction", huh? |
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The market accounts for all knowledge. Traders have known the odds are high for a default and probable exit by Greece for a while and this deadline is not new information. Might be a slight slide or a little sideways next week, but no big shock.
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Quoted: By the way, the greeks are FOing (again) today. Molotav cocktails, firebombs, police sirens, rock throwing, smoke, hollering and shouting, explosions and---at around the 2:50 mark----physical assaults and general chaos for all. https://youtu.be/6MViXP2YkFA View Quote |
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I laugh every time the stock bulls poke their chest out about holding paper. View Quote I haven't seen a single person in here yet bragging about their stock holdings. I love it when the gold bugs too scared to invest in actual...investments instead of hedges lose their ass, quietly. |
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If you know what percentage of total EU GDP the Greece economy represents you know the answer. Its like a company with 100 employees and the 2 most ineffective employees don't show up for work. Nobody gives a shit and things go smoother. Makes too much sense. In that analogy, the 2 are being used as an example by company management through HR as what will happen if you borrow company funds that you can't return. The company hired most of its employees under the premise that only good times were ahead if they stick together. The 2 employees aren't the only ones who haven't been performing, and the management is more concerned with 3 other entire departments who have been watching what will be done to the 2 examples. If management doesn't play their cards right, the whole company can fall apart. |
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Greece is going to default and you think the market is going to rise that much? View Quote View All Quotes View All Quotes Quoted:
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I predict the DOW will go up a couple of hundred points on Monday. Greece is going to default and you think the market is going to rise that much? So everyone is pulling their money out of Greece and the EU. Hmmm. Where to put that money? Chinese bubble? Iraqi dinars? Or the closest thing to sanity that exists in this F'd up world. There will be some volatility as everybody tries to guess how it will affect them, stronger dollar casting shadow on exports and int'l sales figures. No apocalypse for us over here. Yet. Posted Via AR15.Com Mobile |
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I like Greek salad.
Let the country go under, it's nobody's fault but their own. |
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I haven't seen a single person in here yet bragging about their stock holdings. I love it when the gold bugs too scared to invest in actual...investments instead of hedges lose their ass, quietly. View Quote View All Quotes View All Quotes Quoted:
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I laugh every time the stock bulls poke their chest out about holding paper. I haven't seen a single person in here yet bragging about their stock holdings. I love it when the gold bugs too scared to invest in actual...investments instead of hedges lose their ass, quietly. You're either a stock broker or you have a 401K noose around your neck, which one is it? ...............and your wrong about the gold. |
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Jokes on you, I already sold all my stocks right after the market crashed in 2009 so I'm safe
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Greek talks have failed, EU is scrambling to do damage control This is going to be bad. I predict DOW goes to 10,000 minimum I hope everyone sold all their stocks on Friday View Quote No way. But I will be buying them on Monday (in the unlikely event this latest dire prediction comes to pass)! |
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This explains Greece and what is happenning here in the US.
We are 100 times bigger.. ETA Note on Youtube this was made by Federal Reserve Bank of St. Louis |
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I intend to ride out the market decline on Monday. The worst thing you can do now is sell and take a loss. Conversely, Monday might be a good buying opportunity.
These sorts of external events always have a temporary effect. Besides that, the Greek situation has been known for a long time, and the market has largely discounted it. The thing to really worry about is fallout in other countries, if it happens. |
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I have been hearing nothing but collapse for at least two years and I haven't seen it yet. I am staying in.
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Black Monday right after Rainbow Friday. Stay safe everybody. The economy of sodom is about to be judged.
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Great job. You missed the worst of it, that's just smart investing View Quote View All Quotes View All Quotes Quoted:
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Jokes on you, I already sold all my stocks right after the market crashed in 2009 so I'm safe Great job. You missed the worst of it, that's just smart investing Damn right, I'm getting all my investment advice from ContrarianIndicator from now on. I hope he sunk all the money he "saved" after the last crash into Gold, like I did. |
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I think some of you guys are overestimating the size of this potential default.
Greece's total debt is something like $350 billion. A lot of money to be sure, and if the default is final, and occurs on Tuesday when their EU concessions run out, it's going to cause some of their creditors headaches, it's also going to be a major pain in the ass for the Greeks. But I don't think it alone can crash the US stock market. Hell we run up more debt in a good year. With that said, I'm sure it will make things a little more exciting. |
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Damn right, I'm getting all my investment advice from ContrarianIndicator from now on. I hope he sunk all the money he "saved" after the last crash into Gold, like I did. View Quote View All Quotes View All Quotes Quoted:
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Jokes on you, I already sold all my stocks right after the market crashed in 2009 so I'm safe Great job. You missed the worst of it, that's just smart investing Damn right, I'm getting all my investment advice from ContrarianIndicator from now on. I hope he sunk all the money he "saved" after the last crash into Gold, like I did. Invested it all in ammo off of CheaperThanDirt about two months after the last gun panic started. Prices have slipped a little since then, but I expect a nice bounce soon. We're getting really close to the $0.30 a round resistance level for 223. Once we get back up into .$95 cents a round I'll be ready to start make some hefty profits. |
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Greece should be kicked out of the EU.
It would be nice to see Juncker to come out and say a simple sentence: "Effective immediately Greece is removed from the European Union, and all ties between the EU and Greece are dissolved." Let Greece handle its own shit and burn to the ground. Same goes for Italy and Spain. |
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I've been hoping the market would take a dump for a while, so I could get in well.
I think we will have to wait for president Hitlary for it to happen though. She is the type to short everything and then kick the market over. |
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Stock Market is gonna stock market. They panic when an ant is squished on a sidewalk somewhere.
These pansy ass mother fuckers...... the world is gonna be fine and life will go on as like it always does. FFS. |
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Stock Market is gonna stock market. They panic when an ant is squished on a sidewalk somewhere. These pansy ass mother fuckers...... the world is gonna be fine and life will go on as like it always does. FFS. View Quote I had my peanut butter all stocked up and everything, though. |
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The thing that I do not see talked about is the derivative exposure. All that Greek debt that the German, French, and other countrys' banks own has to be insured.
Who are the counterparites and can they pay out in case of default? We may be about to witness another Lehman-AIG moment. |
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