Jun

19

Can one predict with all the trillions swashing around, and the ability to print money, and all the countries meeting to save their perks and flexionism, and the Greek stock market vigilantes down 15% in a week to make sure there is a deal, that a deal will be made. And it will be flimsy one. That as soon as it's made, it will be like the two 8% drops that occurred back to back when the bail out deal first was missed and then was made.

Jeff Watson writes: 

Greece's GDP is a little over half the size of the Dallas-Ft Worth Metroplex GDP. As far as the total Eurozone GDP is concerned, the Greek GDP is a metaphorical rounding error. If France and Germany are going to get screwed, they control the ECB and can print some more money. But news and concern about the Greeks suggests that the flexionic cowboys driving the herd this way, then that way, their Border Collies nipping at the heels of the herd.


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  1. anonymous2 on June 21, 2015 4:13 am

    It’s a waste of time to think about Greece; probably worse: a distraction. Look at the daily and weekly SPX charts. Notice the rising lows, for one thing. More: the liquidity pumps by the centrals; equity under-invested pensions; doubtful crowds; etc. All these things everyone knows!

    This is the easiest market to trade in history. It’s not hard work, either. One’s personality profile does not to be re-configured or endlessly examined.

    For short term trading, buy the dips and sell the rallies. Long term traders should load the boat to the gunwales and enjoy their mistresses and other Epicurean delights. I’m headed for some bill fishing in Cuba at Hemingway’s old haunts.

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