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

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To: Oblivious who wrote (33788)	6/17/2012 11:20:30 AM
From: Seismo	1 Recommendation Read Replies (2) of 222410

I really do not understand the focus on this Greek election. There is no way that the election can have any more than a very short term positive effect on the markets. Either way the Greek vote goes is not desirable. If they vote to in effect drop the Euro, the market will take that as a negative. If they vote to stay with the Euro then their country is sunk, as the only way they can save their economy at this point is to devalue their currency just like every other country who has dealt with massive debt issues in the past has done. So, the vote, to me, is a lose-lose situation. I am not saying there may not be a big pop in equities on Monday. I am saying that it will be short lived if it happens because the Greek situation will linger on and fester as it has been.

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