Unemployment in Greece is 25% and Greece has defaulted 6 times in the last 100 years, this time will be no different...The market by now is as prepared as it is going to be for the Greek default.
Default, don't worry, if there was a default it would have taken place by now, every country is handed more than one free pass, all passes are actually unlimited, but as you should know there are no such thing as FREE MARKETS so there are no such thing as defaults.... SO it doesn't matter what the news is, if this were real news the dow wouldn't be at historical highs, it would be sitting under 10,000.....if there were FREE MARKETS the dow wouldn't be at 18,140 on Friday Afternoon. So the news is, is there won't be a default.
Buy tonight and hold for market rally surge monday morning Free money As you can see this headline says it all, it actually says free money next week and all of 2015 No big correction coming I wonder if the dow was at 5876 if a headline would read no rally coming....guess will never know. No big correction coming: Polcari Michelle Fox | @MFoxCNBC 32 Mins AgoCNBC.com The U.S. market is going to surge and get into an overbought position before backing off a bit, Kenny Polcari, director of NYSE floor operations at O'Neil Securities, told CNBC on Friday. That said, "our market is poised to move higher," he told "Closing Bell." "If anyone's expecting a big correction, I don't think it's coming." U.S. stocks rallied on Friday after a deal was reachedbetween Greece and its creditors in the euro zone. The Dow Jones industrial average had its first record close for 2015 and the S&P 500 ended the week at its third record close for the year. The agreement extends Greece's bailout for four months. "We've kicked the can down the road. We're going to revisit this," Ben Willis, senior floor broker for Princeton Securities Group, said. Read MoreUS still the place to be: Delphi's Scott Black Kevin Caron, market strategist for Stifel Nicolaus, agreed. "Certainly getting a little bit of breathing room on Greece at least as a near-term catalyst is better than the other outcome but it certainly doesn't solve anything long term," he said. For "Fast Money" trader Brian Kelly, any trade on the Greece news would be to buy European equities. "I'm not sure that Monday morning I'd go out and plow everything I have into Europe. I'd probably be a buyer on a pullback," he said.
Greeks bringing back the Drachma in four months and thus the Germans refusing to fund the Greek banks in the end saves face for both sides.
Reading many articles tonite and I have to say about 97% of them are more bullish then the next. ...bullish sentiment is through the roof the last 2-3 weeks.....lots of traders leaning to only one side.... Oh and the NASDAQ is up now 8 straight days in a row. Not one pullback ...
Ok people, you know the drill. Buy the Sunday ES march open. Now sitting at 2106.75....buy buy buy. The index futures rally 90% of the time overnight. Trust me...it's risk free!
Nikkei printing even more free money tonight..at the rate its moving its headed to 20000 by March....
Small dip buying opportunity at open....NASDAQ futures up should boost s$p and Dow at open. No such thing.as down...this morning is a huge buying opportunity .... Not only that but cnbc had Robert Lee on again. The biggest cnbc bull ever!
UPDATE APPLE CROSSES $130 FREE MONEY EVERY DAY FROM APPLE!! its up like 498 days in a row Market cap over $750 billion. Dow off 71 NASDAQ flat... Apple should cross 130 and rally the market again to historical highs... Almost new highs on the transports...that should be a positive for Dow 18400-18500 this week... Nikkei also at new 15 year highs!!