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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (13214)	6/17/2012 5:52:29 AM
From: John Pitera	Respond to of 33421

One thing that we have certainly learned...... that unlike Las Vegas, what happens in Greece does NOT stay in Greece. John Mauldin has been pointing out the additional credit and liquidity schemes the ECB and EuroZone has been devising to get money into the system. Ironically Spain and Italy both borrowed well over 100 Billion Euro's from the recently conceved ELA ( Emergency Lending Assistance) fund they pay interest of 1% on the money turn around and stick it in their government Bonds.... and voila you are netting 6 or 700 basis points. The ELA's specific info is kept in a clandestine area of the ECB's banking disclosure forms. John

To: Jorj X Mckie who wrote (13214)	6/18/2012 8:17:07 AM
From: John Pitera	Read Replies (1) \| Respond to of 33421

Watching the overnight cnbc and bloomberg news and it's Greece, Greece and the currencies. Much less talk of the Muslim brotherhood candidate wins the Egyptian election, This is the election that is going to prove to be more significant than the greek election. The most populous Arab country and Israeli neighbor, could well be heading for Sharia law. Iran, Syria and Hezebollah in Lebanon have announced that they have a common war room. and Russia is sending ships from the black sea over to the Mediterian to protect there base in Syria. Which continues to be a blood bath. "MOSCOW, June 15 (Itar-Tass) —— A number of warships of the Russian Black Sea Fleet are prepared to go to Syria, the Russian General Staff told Itar-Tass on Friday. “The Mediterranean Sea is a zone of the Black Sea Fleet responsibility. Hence, warships may go there in the case it is necessary to protect the Russian logistics base in Tartous, Syria,” it said. “Several warships of the Russian Black Sea Fleet, including large landing ships with marines aboard, are fully prepared to go on the voyage,” he said. Putin is meeting with Obama for the first time since Putin reelected himself President ( President Clinton is studying Putin's ability to maneuver around term limits -g-) And in theory there is supposed to be a showdown over Iran's Nuclear Programs. Russia and the middle east has been bulking up their side. No wonder when Sarah Palin gave what Real clear politics stated was a fiery speech in Wisconson to tea party members and republicans, stating that the Tea Party revolution was alive and expanding, she was wearing a very noticable Star of David. It's like watching a chess match unfold. John