Bad news for the bulls. Syriza surges in latest poll. http://graphics.thomsonreuters.com/12/05/GR_GreecePolls.html
The stock bulls have plenty of bad news to worry about, but it's not Greek polls. The first data point looks almost equivalent to the last, and the S&P was above 1350 then.
Your interpretation's a bit off. I see three polls on May 31, another three on June 1. ND leads Syriza in 5 out of 6 of those polls.
I remember people thinking like this in 2000 and 2008 - The US market is way overpriced if you compare to world markets. EWP is below the 2009 lows and the QQQ is still 100% higher then the 2009 lows. What people aren't realizing is that the US market is being propped up by outside investors who were putting their money into "safe" areas, but once that "safety" net appears to falter there will be a rush to the exits. (I was bullish from Aug 2011 and super bullish in Oct 2011 and only went bearish in March 2012.) There are way too many uncertainties in the coming weeks and months and you know what they say about the market not liking uncertainty. I wish Greece would just leave - then it won't get drawn out over the next few months or years ... Germany leaving would be better for all Euros but I can't see how that happens - why would you want to have your currency double when you have the lowest unemployment in the Western World ? To anyone who is long ... I hope you're hedged. Any QE/LTRO announcement ends the bear run although it's hard to say for how long ........
There are too many variables to know why a stock moves. And remember it's never too late to buy or sell a stock.
What is the definition of a "crash" in percentage? If the market falls heavily on Monday I will continue to buy more SPY.
Well, it's 12:30 am. SP futs are trading at the 65 handle...10 points lower than Fridays close. So you bulls are down 10 points, on the open. Unless price goes higher than ~81ish, the trend is still down. That very well may happen later today. Or it very well may not. On the hourly, price looks like it'll break the 64.50 level. If it does, we could see the resumption of another continuation short...