Why, nothing at all.
Markets like to pretend everything is a fucking drama. It will get worked up over this Greek tragedy, as it has gotten worked up by countless issues over the years, panic people into selling, induce fear and make people do things that are detrimental to their net worths.
It’s a dizzying panorama of madness, trying to balance the scales of sanity between the German and Greek governments.
The talking potatoes on CNBC are going to drum up the drama to a feverish temperature. But their motives are insidious, out for ratings and ad dollars. What is really at play here? It’s a nonsensical moronic dance between ancient people, who traditionally hate each other. Eventually, this will end and there will be a deal or a flat out default and mega-crisis in Greece.
Odds are, there will be a deal.
The losses that you’re enduring now will become a faint memory and new highs will be had again, much to the chagrin of a certain Bluestar–presiding from the volcanic ashes of Hawaii.
Nevertheless, don’t underestimate the fear that is out there now and how it could wreak havoc, at least for awhile. Be patient and buy quality.
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Throwing Varoufakis under the bus signals a buying opportunity. Long NBG @ 0.9 and hoping to buy more, because that’s the way I roll.
The Greek voters are absolutely right. Why send 30% plus of their earnings to pay some Banksters extortive interest? The Eurozone has not given Greece and new money for five years.
I’ll tell you the deal choices Greece should offer the Eorozone: A: No interest or principal payments on our $75 billion of debt for the next five yearrs, and in years 5 to 105, pay the Eurozone $750 million a year. They can call it interest or principal or whatever. The “B” choice: Tell the Eurozone Wipe your ass with our debt paper. We ain’t EVER paying you one fuckin’ drachma of principal OR interest!
We put up with “austerity” shit for five years, AND IT HASN’T WORKED. We have 25% unemployment . You can give a $75 billion shared haircut to all the Eurozone banksters. We in Greece will use scrip or New Drachmas if need be!”
Wouldn’t it be easier for the Greeks to tell them to bend over?
Blue Balls and Santelli better get to jacking NOW. The window of opportunity will be short lived.
you must be reading OS?
my mom always played the theme from exodus on our baby grand piano
Thanks..
Fly check out the new vince staples when you have the chance
Haha jeez this is why I hedge when I short. Anyone who goes 100% short must have the sorest ass by now. It will probably be “flat” from chop until like 7/20 and some magic deal will be made for a springboard into Sept before the shmita destroys all! (debt)