Greece Votes NO

[Scout333]

Just remember one thing- the market hates uncertainty! Tomorrow is going to be ugly - bet on it!

 

[exnavyew]

'Buy when there's blood in the streets'.

 

[RealMoneyIssues]

SP500 is already at -.5% and rising and gold is down (was up almost 1%)
It's almost like the market already had this priced in... We'll see


Sent from my (Daughter forcing me to use an) iPhone using Tapatalk...

 

[userque]

Right.

One of my main beliefs is that everything, except truly unexpected news, is priced in.

Another thing I find important to understand is how market makers/specialist operate. Although a topic usually reserved for day trading discussions, it does help one to understand seemingly inexplicable price actions.

What's the difference between a Nasdaq market maker and a NYSE specialist?
What's the difference between a Nasdaq market maker and a NYSE specialist?

For example,

You are a widgets dealer. Dealing a thousand widgets per day. By law, you have to buy/sell widgets from/to the public.

You believe the demand for widgets will skyrocket in a few days--triple your daily volume. You don't have the stock--what do you do? You must buy widgets.

If you buy outright, you'll drive up prices and increase your cost--and may not be able to sell at a profit. What to do?

You sell a little and show that you want to sell a bunch. You drive the price down and then buy a huge lot. Wash, rinse, repeat.

The game plan is different if the mm's/specialists have too much inventory prior to the demand. IMO, this is why markets sometimes go down with good news, and sometimes go up.

Smart money can also act as a mm/specialists while buying/selling volume.

The above is based upon my memory and understandings from years ago.

 

[James48843]

Greek kitten pushes back against Austerity Cat.

​

 

[Boghie]

Re(1): 'The Wonderful Wizard of Oz', The Belmont Club, Richard Fernandez

In many other Western societies there is a subconscious awareness that socialism is a just a useful myth, like Santa Claus, not to be taken literally. A conservative Greek government could never have cast its bread upon the waters like the the believers of Syriza and cut the Gordian Knot as cleanly as they did.

The Greek socialists believed in the EU. The EU pretended they could lend Greece money and the Greeks pretended they could pay it back.

Who’s laughing now?

They can vote no, but math will be the decider...

 

[FireWeatherMet]

Can't say I'm surprised but I can say I'm disappointed. I don't see a lot of positive here.

http://www.cnbc.com/id/102808740

All the best in your investing!

FS

Be happy. You're in a good place right now (G Lillypad).
This downturn is a great thing for you, as long as you're getting ready to jump in soon. Need just a bit more blood in the water first. (lol).

 

[exnavyew]

China firms rush to file trading halts as markets slump

http://www.cnbc.com/id/102813026

 

[Viva_La_Migra]

there is no easy way out. they will get their blood. one way, or the other. or else they'll get it from your children. money never sleeps.

I wonder if the Parthenon is for sale? Maybe the Oracle of Omaha can buy the Oracle at Delphi? Yet another failure for Communism.