Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 694.04

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To: sandeep who wrote (3420)	5/5/2010 10:58:41 PM
From: Real Man	1 Recommendation Read Replies (2) of 221566

SHTF is not a new phenomenon. It's always contained - until it hits the fan, that is. The govt. is always saying there is no problem, everything is fixed, etc., etc. They are supposed to say that. After it hits the fan, they look for scapegoats to pin it on. It is very dangerous. Greece is not dangerous by itself, it's a small country. Greece is more like a trigger, calling attention of the market to the global sovereign debt situation. That could start a chain reaction in Southern Europe, and that could eventually will spread to the UK and the US. All CDS move together. As Greece BK-s, US credit risk increases. For now we need to watch if 1160 level provides a reasonable bounce. If not, something more serious could start to the downside

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