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Stocks are surging at the noon hour on reports that eurozone countries have agreed in principle...

Stocks are surging at the noon hour on reports that eurozone countries have agreed in principle to a financial aid package for Greece. Dow +1.8% to 10,088, S&P +1.6% to 1073, Nasdaq +1.3% to 2153.
Comments (10)
  • herbert hoover
    , contributor
    Comments (2005) | Send Message
     
    Today's buyers will be panic selling by next week
    9 Feb 2010, 12:09 PM Reply Like
  • j_remington
    , contributor
    Comments (1343) | Send Message
     
    knee jerk reaction which does not change the bigger picture... helping Greece will come at a price and what will the next bailout cost?
    9 Feb 2010, 12:12 PM Reply Like
  • youngman442002
    , contributor
    Comments (5129) | Send Message
     
    I thought they said this would never happen....goes to show you that ANY government can not cut expenses...it sets a bad precedent...California next...Italy...Spain..... is it going to stop..
    9 Feb 2010, 12:12 PM Reply Like
  • nightfly
    , contributor
    Comments (1017) | Send Message
     
    Right, this is actually bad for the EUR - they are simply following the printing press solution of the US.
    9 Feb 2010, 12:23 PM Reply Like
  • Truth-hurts
    , contributor
    Comments (148) | Send Message
     
    Which is, of course, inflationary, which inflates the stock market.
    9 Feb 2010, 12:28 PM Reply Like
  • Mad_Max_A_Million
    , contributor
    Comments (1174) | Send Message
     
    I smell Quantitative Easing all over the place. Too bad California can't print more money.
    9 Feb 2010, 12:28 PM Reply Like
  • Daniel M. Harrison
    , contributor
    Comments (139) | Send Message
     
    Actually, Greece was never going to pose that great a risk in real terms in the first place. Spain and Portugal may in time, but Greece and Italy occupy a pretty insignificant (and entirely remedial) portion of both European and global GDP.
    9 Feb 2010, 12:29 PM Reply Like
  • youngman442002
    , contributor
    Comments (5129) | Send Message
     
    I think we are all in kahoots with our printing presses....we all are doing it together....pay off the debtrs...but the relationships between countries stays the same
    9 Feb 2010, 12:39 PM Reply Like
  • enigmaman
    , contributor
    Comments (2688) | Send Message
     
    There you have it once again, Perception, some SA posters have been writing that Greece even if it failed was to small to worry about, its GDP was less then California, but then with bail out news that we all knew would come the market rallies like its real big important news,
    But then you have US wholesale inventory news today that was far worse then expected showing the biggest fall in 1.5 years, so the economy stomped on that green shoot and the markets do nothing, no reaction.

     

    Will be interesting to see how things go as more EU countries need to be bailed out and are, when so many billions have to be used for bailouts instead of for growth, what will happen to yields as money gets scarce
    9 Feb 2010, 12:49 PM Reply Like
  • Truth-hurts
    , contributor
    Comments (148) | Send Message
     
    The big question is: How can I invest in the companies that make the printing presses that print money??? ;^)
    9 Feb 2010, 01:08 PM Reply Like
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