Posted on 07/05/2015 4:21:18 PM PDT by John W
U.S. futures are sharply lower after the Greek vote, and CNBC will have live coverage of the aftermath tonight at 8 p.m. ET.
The Greek people voted resoundingly on Sunday to reject proposals from their European creditors.
S&P 500 futures fell 1.5 percent in early trading after 6 p.m. ET (2200 GMT).
(Excerpt) Read more at cnbc.com ...
“Please pardon my cynical nature”
No need.
I have long thought that the reason the Republicans threw the last two elections (yes, gave it away) was for the reasons you allude to, namely, as long as a Dem is in power, the market will maintain its bullish stature.
If a Republican gets in, it’s good-bye Charlie. A market crash (maybe the dollar as well) that we’ll not recover from.
They figure that losing and living the high life is better than scoring a victory and struggling.
I agree. A one or three percent drop is not earthshaking.
Do I think the averages could fall a great deal more? Yes, but not because of Greece. Maybe because of how much everybody else, the U.S. especially, has come to resemble Greece.
Big Time.
The one’s celebrating today will be dumpster diving by the end of the week.
Now is that with with some fava beans and a nice Chianti? =)
Wow your so lucky =)
No one is watching China. Their stock market entered a bear market this week. They catch a cold...and the rest of us get the flu.
Gold and Silver soar!
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“Pretty soon, the communists and pro-dictator crowd will start saying that they have the answer to all the problems in Greece.”
Were you aware that the Greek PM, Tsipras, jointed the communist party when he was sixteen? He named his first child after Che.
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The total annual Greek product is dwarfed by the daily turnover on any exchange.
Boring!
He could be president of the US soon...
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The debt wasn’t paid when Obama farted in the face of GM’s bond holders, yet millions of idiots still bought their cars.
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I wasn’t aware of that, but it doesn’t surprise me.
You never see the head communists giving up the palace and going to work at Turnip Commune #43.
I think that is one reason they are such a bunch of bloodthirsty shirtheads.
Their dreams were shattered. They believed in communism when they were young, and then they saw that it wouldn’t work.
By then, they had seen the power in telling fools that they could get them free stuff.
They are heartless, merciless users.
They will consolidate whatever wealth is left in Greece for themselves and the stupid Greek people will be standing in line to buy rotten lettuce.
Well, then, everything must be okay.
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And people wonder when bonds go wobbly-kneed...
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>> "and the stupid Greek people will be standing in line to buy beg for rotten lettuce" <<
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They sure looked happy and victorious in the photos today though.
Yes, I followed it.
Even Puerto Poor-o is scaring the moneymen.
Used to be I was rooting for the crash, get it done.
Now I’m close enough to the finish line...give me two or three more years lol!
It seems that is clear to most everyone, except the Greeks
and the EU bankers.
Yes, no real problem IF it doesn’t spread to places like portugal, italy, spain,etc. It’s already an issue in puerto rico, though.
Ya know what...I really don’t think The Won or the Dems will do that (confiscation). I worked in payroll for a short while...talk about people in an uproar if their check was shorted even $1.
I can see them dissolving the tax benefit and for both employer and employee. Talk about tax income increasing for the government! I can also see them offering a “guaranteed” monetary return in exchange for retirement funds.
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