If they print eur then shorting eur could make sense. If no eur printing and no GR deal, then france and germany would pay from their stock markets. It is negative for the canadian dollar, positive for European currencies such as Swedish. How about long swedish, short canadian?
Nassim today : The EUR exch rate is the vindication of Fat Tony's Green lumber fallacy. "Greece and the EUR are not the same "ting"". Am still long EUR.
"Greece gets little sympathy from poorer neighbors" http://www.cnbc.com/id/102797165 All of Europe is against Greece. Mark my words. Greece exits EU. What it does after that is a total mystery. Run to Putin?
It's official. Not only can they not pay the current payment that was due, the payments accelerate from here. Greece will be on the Drachma within days, imo. Notice what it is owed to Spain and Italy, already strapped for cash. http://money.cnn.com/2015/06/30/news/economy/greece-imf-default/index.html
I hold no positions in SIFs. I currently have no idea where the SPX "FV" is. I do know that a very large % of the gains from 666 to 2130 have been easy money policy. But if they took that punch bown away, I am not sure where SPX would land. I am working on resurrecting my old SPX model. But what is going on in Greece and what is going on in the weak EU contries, along with Puerto Rico and Japan are beginning to show cracks in the foundation. Who knows, maybe trillions is the new billions, so this stuff is not that important.
Whats your take on the large gains in stock markets around the world today ? Especially ASX200 hit more than 2% gain at its high today. If their is an impending crash wouldn't all these markets start selling off big time ? Or is it just a waiting matter ? I went long this morning but closed out my trades because in my gut I feel something bad is going to happen, even my barber is talking about the greek default :eek::eek::eek: