We're still in a bull market. Black Monday didn't just come out of the blue. The swing lows on weekly/daily were first taken out before the carnage began. Yes it was an extreme move but the line of least resistance was down BEFORE Black Monday arrived. Gringo
The current government is elected by Greek people based on their promise that they will re-negotiate the debt with ECB & IMF. If the new government fail to get anywhere with the debt negotiation (mainly from German), the only way for the new government to get out from this situation is to hold a referendum to see if the Greek people will prefer to: a) Stay in Euro and pay the debt OR b) Declare bankrupt and leave Euro The hilarious part (based on some survey recently) is the majority of the Greek people will go for option (a) with "any cost" even they elected the current government recently. The grexit debate will disappear in a few month time until next year because of...
Now that this forum was bumped up the chance of this happening has dropped from around 72% to less than 8%....