Greece Sucks

Forum: Investments
Author: [Investments] Topic: Greece Sucks
cave0707 PM cave0707
Joined: Oct 2009
Posts: 1242
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cave0707
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Posted: 11/2/2011 3:04:46 PM
I swear, every time I make a move Greece comes out with some bad news ... AGAIN.  News driven market is a tough and volatile one to say the least so buying into the rally is recommended using extreme caution.  Keep your losses small as possible and tip toe quietly into the market as possible.  While all my long positions got murdered last three days I'm still holding out.  I can see this Nasdaq filling the gap soon enough but that's only if Greece doesn't come out with anything retarded like it did Monday. 
2169 PM 2169
Joined: Nov 2009
Posts: 10748
Massachusetts
 
2169
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Posted: 11/3/2011 12:00:45 PM
Are they gonna collapse?
cave0707 PM cave0707
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cave0707
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Posted: 11/3/2011 2:12:10 PM
At this point, maybe they should.  The other Euro zone countries keep throwing money their way and they're back to where they started six month later.  Unless there is some fundamental change in their structure, nothing will change with Greece. 
wallstreetcappers PM wallstreetcappers
Joined: Feb 2003
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Posted: 11/3/2011 2:21:12 PM
Its pretty funny and pathetic at the same time, so Greece doesnt for now hold a vote on the EU deal and our markets rally 400 points in two days because of this?

2169 PM 2169
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2169
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Posted: 11/3/2011 4:26:39 PM
i'm ready for a sell off next week
Rush51 PM Rush51
Joined: Jan 2005
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Posted: 11/3/2011 10:43:02 PM
Get ready for 4 weeks of continued uncertainty.   Greece not set for a vote on the referendum until early Dec.    They had earlier scheduled a vote for early-Jan, but EU decided otherwise.

If Greece does default on its debt, this really could spin out of control very quickly and put some banks at real risk again.

cave0707 PM cave0707
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Posted: 11/4/2011 12:48:16 PM
What a mess
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