Jump to content
House Price Crash Forum
Sign in to follow this  
Realistbear

Greece Downgraded Again

Recommended Posts

http://finance.yahoo.com/news/Indexes-trim-gains-after-rb-2634650231.html?x=0

Indexes trim gains after Greece downgrade
On Monday June 14, 2010, 1:15 pm
NEW YORK (Reuters) - Stocks trimmed some of their gains in early afternoon trading on Monday as Moody's downgraded Greece.

Surely the surreal market activity of the last couple of week so must come to an end when reality sets in that there IS a financial crisis and it IS NOT going away because of summer madness.

IMO the next few weeks could mark the beginning of the REAL correction in response to what lies ahead by way of austerity and the debt issues.

Share this post


Link to post
Share on other sites

http://finance.yahoo.com/news/Indexes-trim-gains-after-rb-2634650231.html?x=0

Indexes trim gains after Greece downgrade
On Monday June 14, 2010, 1:15 pm
NEW YORK (Reuters) - Stocks trimmed some of their gains in early afternoon trading on Monday as Moody's downgraded Greece.

Surely the surreal market activity of the last couple of week so must come to an end when reality sets in that there IS a financial crisis and it IS NOT going away because of summer madness.

IMO the next few weeks could mark the beginning of the REAL correction in response to what lies ahead by way of austerity and the debt issues.

Surreal - it's normal for a supercrash. It's all part of the volatility building towards the new dawn. You remember the volatility in markets went on from around summer 2007 onwards. First it was subprime which would 'only affect the USA', then it was more serious with insurers in stuk and then finally the (at the time) less expected Bear Stearns and Lehmans trouble and then AIG. Our banks seized up one night and were prized open with the biggest bail out in history. Riots at the ATM were avoided. Then GM, Ford AND Chrysler ...etc. Of course it was 'all the fault of the USA' according to wise Brown owl, who then went on to 'save the world'. They just moved the debt from the bank/insurer/mortgage provider straight onto the govt public balance sheet all over the Western world. It has not left us just moved from one piece of paper to another.

They didn't say in the news just how much trouble was brewing precisely and then there was feigned surprise from govts who must surely have had an inkling. But then if you are so busy being wise Brown owl, perhaps your next bloated pre election public spending spree was more important.

Sell in May and go away? It's June already!

Edited by plummet expert

Share this post


Link to post
Share on other sites

As the stock markets have not fallen considerably, and there are apparently few buyers out there, one can only assume that most have not sold in May.

Whether they will be naive enough to go away now is the question - I think it would be a foolish broker not to have sold and now take a long Summer break.

Share this post


Link to post
Share on other sites

In the 2 years since the collapse of Lehman, the debt mountain has not been tackled, in fact it's got bigger.

The real problem in the system hasn't been addressed someone just got out the money covered wall paper and simply papered over the cracks.

Share this post


Link to post
Share on other sites

As the stock markets have not fallen considerably, and there are apparently few buyers out there, one can only assume that most have not sold in May.

Whether they will be naive enough to go away now is the question - I think it would be a foolish broker not to have sold and now take a long Summer break.

It really only applies to the UK as we have the sporting summer Ascot, Henley, Cricket, etc. It was viewed that the men in the city stopped working to watch the sport. In the good old US of A and emerging markets they still keep working trying to make a buck or two.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 145 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.