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The Eurogroup gives its thumbs up to the election result and "looks forward to the swift...

The Eurogroup gives its thumbs up to the election result and "looks forward to the swift formation of a new Greek government that will take ownership of the adjustment program to which Greece and the Eurogroup earlier this year committed themselves." The Troika is expected to return to Athens upon formation of the new government to "exchange views" on the way forward. (full statement, .pdf)
Comments (36)
  • untrusting investor
    , contributor
    Comments (9965) | Send Message
     
    So what has changed? The same tired old Greek corrupt politicians who accomplished virtually zero over the last 2-3 years. Germany better get ready to keep subsidizing Greek for many many years to come yet. Frau Merkel can try to sell that to the German taxpayers now.
    17 Jun 2012, 04:44 PM Reply Like
  • Ted Bear
    , contributor
    Comments (607) | Send Message
     
    Different day; same stink. Euro moved a smidge higher, now drifting back.

     

    US Open finish should prove WAY more interesting and exciting.
    17 Jun 2012, 04:53 PM Reply Like
  • MEKhoury
    , contributor
    Comments (255) | Send Message
     
    And so it goes.
    17 Jun 2012, 05:27 PM Reply Like
  • dieuwer
    , contributor
    Comments (2408) | Send Message
     
    Looking forward to a 3rd round of new elections, sometime in August.
    17 Jun 2012, 05:29 PM Reply Like
  • Matthew Davis
    , contributor
    Comments (3899) | Send Message
     
    Selling into rally!
    17 Jun 2012, 05:29 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    Yeah and fairies wear boots and you gotta believe 'em
    Shorting this pop
    17 Jun 2012, 05:35 PM Reply Like
  • Stone Fox Capital
    , contributor
    Comments (6250) | Send Message
     
    Not that anything will get done, but it sure was better than the other option.
    17 Jun 2012, 06:16 PM Reply Like
  • The Last Boomer
    , contributor
    Comments (900) | Send Message
     
    Traders have been buying the rumor about this election result for two weeks. Now we have finally the news. It looks to me like an opportunity to book some profits. Just in case. Nothing has been solved in Europe.
    17 Jun 2012, 06:21 PM Reply Like
  • Day Trader001
    , contributor
    Comments (726) | Send Message
     
    Bank stocks should rise tomorrow! JPM looking pretty good now....$
    17 Jun 2012, 06:28 PM Reply Like
  • Matthew Davis
    , contributor
    Comments (3899) | Send Message
     
    Maybe for a couple days.
    17 Jun 2012, 07:02 PM Reply Like
  • winningtrader
    , contributor
    Comments (2476) | Send Message
     
    They are just trying to boost confidence in Europe but of course Greece will not do anything that makes sense and be forced to exit the eur soon. Ridiculous.
    17 Jun 2012, 06:38 PM Reply Like
  • nightfly
    , contributor
    Comments (1017) | Send Message
     
    Irrelevant result. Nothing changes. All problems remain - which is exactly the result of all govt policies (US included) to date that have enacted to deal with the various economic issues.

     

    The never ending solution has been and continues to be "more debt" for the the debt problem. Some fix there...
    17 Jun 2012, 08:20 PM Reply Like
  • mickmars
    , contributor
    Comments (1323) | Send Message
     
    Old Folks voting for continued government payments, and nothing else. This is a theme we'll see over and over in Europe, Japan, and the U.S. for the coming decades.
    17 Jun 2012, 09:04 PM Reply Like
  • SoldHigh
    , contributor
    Comments (1013) | Send Message
     
    More of the same.

     

    The only question is how long this drags out before the inevitable occurs.

     

    Default remains the final outcome because the funds cannot be earned to repay this level of constant theft.
    17 Jun 2012, 09:27 PM Reply Like
  • phemale60
    , contributor
    Comments (2831) | Send Message
     
    What a bunch of Debbie Downers! This is great news! Was at the brink of collapse, and then the dominos would begin falling; watching Bloomberg channel right now and the talking head says to expect a long rally! So the governments aren't perfect! We going to bitch about it or make some money!! (No offense)
    17 Jun 2012, 09:30 PM Reply Like
  • torahislife
    , contributor
    Comments (400) | Send Message
     
    Looks like you haven't noticed Bloomberg channel replays the same tape of same talking heads saying same thing 24x7...
    17 Jun 2012, 09:35 PM Reply Like
  • detto
    , contributor
    Comments (76) | Send Message
     
    Phemale, these guys want to see despair, they want to see suffering. That's why every time there is a positive thing, they try to undermine it with inane comments.

     

    They want to see the world collapse, disgusting thinking.

     

    Meanwhile equities like LULU,CMG, ISRG, ULTA,UA continue to make new highs and new highs....love it.

     

    The US is creating private sector jobs at it's fastest pace ever. The US is roaring back, poverty is being reduced, slowly but surely.
    17 Jun 2012, 09:43 PM Reply Like
  • phemale60
    , contributor
    Comments (2831) | Send Message
     
    I don't believe that is true. Although Bloomberg channel does repeat some daily programs on the day they air financial news and opinions change with whatever is happening day by day. I prefer the optimistic view!
    3 Jul 2012, 07:55 AM Reply Like
  • phemale60
    , contributor
    Comments (2831) | Send Message
     
    detto,

     

    I am so late in reading these comments, but yes, I agree -- if we pick stocks smartly we can gain big --- you got it right on your list of equities. I would add WFM and my long held biotech VVUS with FDA approval 7/17! Fingers crossed! Think the guy was right about a rally -- no matter how bad the news the market tends to pick right up again.

     

    The Greeks elected a new moderate president and I believe the Europeans will work it out. I think our economic recovery is definitely a rocky road but overall moving in right direction no matter what the "nattering nabobs of negativity" will say, especially during this election season. So many dependent on our country failing -- power is at stake.
    3 Jul 2012, 08:25 AM Reply Like
  • george.otty@yahoo.ca
    , contributor
    Comments (60) | Send Message
     
    Timing is everything and this is a big one. Will it be a one day rally? Three? It will go until the very next bad news story out of Greece or Spain or Italy or even France. (or Germany or China). What a sawtooth market these days. But yeah, last week ended with a couple of great positive days and unless some crazy news like "Once again cannot put together a coalition government" first thing tomorrow (unlikely that fast) we should have a day or two of more rapid upwards movement. Then, sell before that next inevitable bad news story scares the market yet again. We used to be able to always be certain in death and taxes. Right now we can also add in "and weekly bad news from somewhere in the Eurozone that will panic the markets for a short while". Lots of money to be made in trades if you can pre-guess the trends and have the balls to push the sell/buy buttons.
    18 Jun 2012, 12:39 AM Reply Like
  • X-terminator
    , contributor
    Comments (89) | Send Message
     
    Facts from CNN
    Meanwhile, the clock is ticking on some key deadlines.
    The government must identify additional budget cuts by the end of June to comply with the terms of its bailout program. If it fails to do so, analysts say the European Central Bank could cut off funding to Greek banks, which have already been drained of cash as deposits flee the country. In addition, Greece is facing a €3.9 billion bond redemption in August.
    Also, US is slowing. Bad economic numbers last week. Is this a good reason to buy stocks?
    18 Jun 2012, 03:09 AM Reply Like
  • X-terminator
    , contributor
    Comments (89) | Send Message
     
    Same debt but just gets larger, everywhere!
    18 Jun 2012, 03:09 AM Reply Like
  • phemale60
    , contributor
    Comments (2831) | Send Message
     
    As Reagan once said "I am not worried about the deficit. It is big enough to take care of itself."
    3 Jul 2012, 08:28 AM Reply Like
  • Matthew Davis
    , contributor
    Comments (3899) | Send Message
     
    Love how you take political comments and spin them to fit your ideas. Did Reagan ever have 100% debt to GDP? Nope, neither did both Bush's and neither did Clinton. Has any of them ever been in office for rating downgrade of the country? Nope. Did any of them have an average unemployment rate higher than 6%? Nope.

     

    But your boy Obama has managed to hit all these low points in less than 4 years. That's a record that speaks for itself.
    4 Jul 2012, 01:05 PM Reply Like
  • phemale60
    , contributor
    Comments (2831) | Send Message
     
    Oh yeah, he did all that all by himself.

     

    You guys love to go at him like he came into office with a surplus and drove the country into the ditch. Get real!
    5 Jul 2012, 04:39 PM Reply Like
  • Matthew Davis
    , contributor
    Comments (3899) | Send Message
     
    Yep, very typical deflect and blame others.
    5 Jul 2012, 04:45 PM Reply Like
  • phemale60
    , contributor
    Comments (2831) | Send Message
     
    "Has any of them ever been in office for rating downgrade of the country?"

     

    This one was the whackiest of what you said. Your entrenched GOP teabag numbskulls wouldn't pass the debt ceiling bill, sat on their hands while investors (me) watched gains fading day after day, and then the downgrade came as the icing on the cake. Everyone who knows anything said it was an unecessary debacle and should have just been passed, like every year before it. But noooooo, you guys think you can take the country down and blame it all on Barack Obama ---- no f##king way. People are not THAT stupid.
    5 Jul 2012, 04:54 PM Reply Like
  • Matthew Davis
    , contributor
    Comments (3899) | Send Message
     
    No they aren't that stupid, which is why We elected these people to take charge, and stop the bleeding. At this rate we will default which is why we were downgraded, because the democrats refuse to see reality staring at us in the face. It was moody's who cited this in their decision, its the debt and the lack of method for reducing it.
    6 Jul 2012, 01:14 AM Reply Like
  • phemale60
    , contributor
    Comments (2831) | Send Message
     
    Yeah -- but compromise has become a dirty word -- except when it's Obama doing the compromising. Enough is enough-- both sides have to give a little. The GOP wanting only cuts on those least with lobbying power --- the poor --- while not wanting those who can give most, the wealthy (oh excuse me, the "job creators"), to also take a little pain, is the problem. Everyone is willing to hurt a little, except most of the 1%. The poor don't have a choice what happens to them-- but then drugs are a great escape so that always works, right? and prisons are big business so guess it all works out! I'm sick of this system!
    6 Jul 2012, 08:48 AM Reply Like
  • Matthew Davis
    , contributor
    Comments (3899) | Send Message
     
    The poor are just fine! Give me a break, we aren't talking about the poor, this is a socialist mantra, the poor, give the poor everything. The poor are better taken care of than I am. The poor have satellite tv and a car, and health care, and free money for each child they have. I have never seen poor so well taken care of. You must not have traveled much because our poor are not poor at all compared to world standards.

     

    I have been to Peru, Brazil and others and you have no idea what the word poor means. Ever seen a poor neighborhood in the US with rusted tin roofs and dirt floors? No power or running water?

     

    Stop ranting about the poor, who are the best fed (obese), most taken care of people in the world. I am sure there are even free dental for poor in our country too if you just look for it. Go pay for their diabetes medication while your at because they won't eat healthy due to our doling out the government teet.
    6 Jul 2012, 09:12 AM Reply Like
  • phemale60
    , contributor
    Comments (2831) | Send Message
     
    Not talking about the poor -- talking about the debt being paid on their backs. See how you guys twist everything?
    6 Jul 2012, 12:38 PM Reply Like
  • Matthew Davis
    , contributor
    Comments (3899) | Send Message
     
    If they don't pay anything, how can the debt be paid on their backs? By cutting free benefits? That's not on the backs but those of us who actually pay taxes!
    7 Jul 2012, 01:02 AM Reply Like
  • phemale60
    , contributor
    Comments (2831) | Send Message
     
    Cutting "free benefits" (there but for the grace of God go I) but not cutting taxes on the wealthy is cruel and disgraceful. Just got back from New Orleans, and Time-Picayune op-ed piece on Gov. Bobby Jindal not too nice; evidently he's closing down hospitals treating poor while claiming to be a good Catholic. Blatant hypocrisy in the GOP nothing new these past few years. Thank God the nuns are fighting back against the cutbacks the GOP intend. Nuns rule!
    22 Jul 2012, 09:44 PM Reply Like
  • Matthew Davis
    , contributor
    Comments (3899) | Send Message
     
    The Catholic church has enough money to do it themselves.
    22 Jul 2012, 10:13 PM Reply Like
  • phemale60
    , contributor
    Comments (2831) | Send Message
     
    I know, but they won't. St. Vincent's, a Catholic hospital here in NYC went bankrupt taking care of charity cases. It's presently an empty building.
    22 Jul 2012, 10:32 PM Reply Like
  • Matthew Davis
    , contributor
    Comments (3899) | Send Message
     
    Well then that's on them.
    22 Jul 2012, 10:33 PM Reply Like
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