[Pan_Yan]

So the Greeks vote not to cut their spending, the whole deal falls through, Germany walks away from the bailouts, the EU Stabilization Fund dries up, PIIGS default and on the new season of Pawn Stars China buys half of Europe for a truckload of paper currency and a bucket of white rice.

Is that about right?

[Pan_Yan]

Dow Jones 11,721.04 -233.97 (-1.96%)

S&P 500 1,225.52 -27.78 (-2.22%)

Nasdaq 2,624.52 -59.89 (-2.22%)

[PBRSTREETGANG]

Beware of Greeks bearing gifts.

[Coldwater Creek]

I have BBT stock. It is on the rise this morning.........

[the invisib1e hand]

No doubt a referendum is the right thing to do (assuming, of course, every dollar in debt was subject to a referendum as it accumulated). But why showboat about it right now? Surely everyone sitting around that great-big godamm oak table in Bruxels or wherever knew Greece would have to put it to a referendum, if for no other reason than to make a pretense at keeping protocol.

[BikerJoe]

So the Greeks vote not to cut their spending,

Not sure that's the whole issue. Some portions of the bailout loan are at 30 friggin' percent. They'll NEVER get it paid off. They'd be smarter to forgo the loans, default on everything, and try going cold turkey (govt. is cash-only for the forseeable future).

[proxy_user]

The US market is still pretty high. I don’t see any good buys on my watch lists.

I got some reasonable deals a couple of months back, INTC under 20, MRK at 30.5.

[youngidiot]

Buncha damn democrats over there. They won't go through with the necessary spending cuts because it might cost them political power. They'd rather let the whole damn thing crash. They decide to wash their hands of it by putting it up for popular vote (how do you think that will go? “hey guys, those checks were sending you, how’d you like to vote yourself a smaller check?”) of course their equivalent to our ignorant left will see to it that such an “outrage” never happens to the good people. When the shit hits the fan because their overspending scheme collapses, the cowardly politicians will just say, “what? This is what you voted for. Not our fault.” and the beat will go on. Any attempt to fix the problem with be met with demagoguery by the very bastards that caused the problem. The west might well be doomed. Useful idiots, indeed.

[Buckeye McFrog]

Hanging our financial survival on the whims of Greek politicians. Are these guys brilliant or what?

[Notary Sojac]

I for one am getting sick and tired of the US markets jumping up and down like a trampoline depending upon the aroma of that day’s farts from Greece, aren’t you?

[AnAmericanAbroad]

I take it the “bucket of white rice” is strictly to pay for buying Greece?

If so, you’re right on the money.

[goldstategop]

The collapse of the Euro and bankruptcy is going to stare Greek voters in the face.

They can reject the bailout deal - that’s their prerogative but if they default on Greece’s debt its going to be very tough for Greece to recover - even if it reinstates the drachma.

If investors have to write off their losses, who in their right mind wants to invest in Athens again?

Greek voters have a big decision to make.

[John W]

And...

Wall St extends losses after ISM data
Stocks extended losses on Tuesday after data showed the pace of growth in U.S. manufacturing unexpectedly slowed in October.

http://finance.yahoo.com/news/Wall-St-cuts-losses-after-EU-rb-3043929755.html?x=0&.v=8

[redgolum]

The EU is going to break down.

The only question left is when the war will start.

[ninonitti]

Wow put it to a vote - what a thought!!