Reuters might do the Greek poll job for me http://www.zerohedge.com/news/live-greek-election-poll-tracker Looks incomplete though
Fitch downgrades Japan, Yen futures pop 1%. Crazy times. Whenever I'm teaching my future kids to trade Japan is going to be lesson no. 1 on "Markets can stay irrational..." Edit: 1000th post
We are getting closer to a point where the EU authorities will have to create some kind of coordinated effort to prop the markets. I'm having a hard time figuring out what is the correct benchmark for measuring when they will act(Could be European VIX, a massive EUR decline or newspaper headlines, maybe greek deposits)
I'm having a hard time figuring out what form intervention could take. If anything they (which in practice means the Germans) appear to be edging towards a determination not to commit further resources in support of the periphery - which is either too far gone, chaotic, and uncooperative (Greece) or too large (Spain) to be saved. If everything cannot be defended, plan B is to abandon that which you can't defend and concentrate on what you can - in other words let the periphery go and conserve what firepower remains to recap banking systems post-collapse, under the direction of national authorities.
Teflon market. Keeps coming back as if the intervention is coming next week. So glad to be out of spy puts in bottom part of range, but before the ramp up. Let's see: FTSE - 2.5% CAC -2.5% NIKKEI -1.9% SPX: flat
Jumping too far ahead here. UNCERTAINTY surrounding Grexit is bad for EUR, as possible Grexit countermove still includes printing like hell / last minute German cave on Euro Bonds. Above further enhanced by "When all goes to hell, buy U.S. Treasuries" effect. We've yet to see what the euro will do on a true resolution, final reckoning of Greece in or out etcetera. p.s. For the record, no euro position (though short Aussie from 10295 and loving it)