European finmins hold back Greece's €130B rescue package, putting Greece under pressure to...

This news story has 5 comments:

Register or Login to rate comments »

thechaser Comments (456)
 
TPTB cannot let market yankup now meltup now holdup continue unabated without a reset, otherwise, you have a nervous nellie snp500 at 1450 in another 3 or 4 weeks and pushing alltimes by april because fund managers cannot afford to sit the rally out;

that leaves no margin for the necessary preordained summer push ahead of king obama's coronation

it is vital to let some air out, float down this month and then brother ben has an excuse to pull the dump handle on the money truck for the march fomc meeting

so, usd index bumps back up, market trims to just north of 1300, this is justified by msm as 'normal' correction and then katie bar the door because the avalanche will get the PM's to 2500 and 50 by summer, but that's ok since TPTB says its ok for PM to rise with the market
10 Feb 2012, 04:43 AM Reply Like

change is the only constant Comments (1327)
 
As for Greece and the euro zone, I am reminded of Groucho Marx's old joke..."I would not belong to any club that would have me as a member".
10 Feb 2012, 05:10 AM Reply Like

User 353732 Comments (3926)
 
The real "rescue" for ordinary middle class Greeks would be to default on all public debt, flee the failed European experiment, abandon the Euro and pursue an independent destiny: down into the abyss of a lost generation or renewal after a resetting of national culture and tropes.

The current rescue is aimed at rescuing the Geek Regime and entrenched, parasitic interests not the majority of the Greek people.
10 Feb 2012, 06:07 AM Reply Like

Bear Bait Comments (591)
 
Looks like to me the EU put up a hoop they didn't think Greece would jump through. Now that Greece has jumped through it, they are back tracking. Germany with all their austerity demands on other countries are going to bite their own noses off. Exports were down big time already because all the austerity measures have left no one with the money to buy German exports. What goes around come around. And the reverse it also true. If there isn't anything going around there won't be anything coming around.
10 Feb 2012, 11:03 AM Reply Like

SA reader Comments (176)
 
Greek will exit the EZ next week and we'll finally see the much needed 3-5% sell-off. The question is will we see more than a 5% sell-off this year when both the Europe and the US are drug into a recession.

I'd hate to be long on Monday though!
10 Feb 2012, 07:14 PM Reply Like