Not surprised either or particularly disappointed.
What Q says is what is being reported on the news and the actual proposal voted on had been withdrawn. I think the voters are not sure what they are actually voting on (the US has that problem too) and are just saying no one can tell us what to do. Cash shortages and bank closures are just the big EU bullies picking on us. Everything will be OK. If not we will express our displeasure.
The Greeks have always been kind of independent and contrary from my short exposure. They can take care of themselves but like monetary compensation for any perceived wrong against them.
Even their language is contrary. I took some amusement from a CNBC headline “Greece’s “nays” have it--“. The greek word for yes is ναι or Ναι and pronounced “nay or neh” by non-Greek speakers. Sounds a little like no in many languages. They headline made me wonder so I clicked on the story. An “OXI” poster was being held up by a person. That is όχι in lower case, pronounced oh-he by non-Greek speakers but should have a little k or ch sound before that h. Sounds a little like OK to English speakers.
Short “war story experience”: nothing like waiting for an answer where someone is either saying “nay, nay, neh” very impatiently or saying “ochee, ochee, ochee in the same or a more emphatic tone and not knowing what is expected of you.
The market will probably be down or go down Monday at first. Futures are down but VIX is up for S&P500. ??The VIX is for S&P500? Now I feel really stupid as I thought it was an overall market indicator like DJ. After that who knows? Da boyz and da botz?
Lot’s of replies since I started this and lot’s of good opinions.
Mine is that the EU was fought for hard as a part of the future on currency, one government direction and a world village. Those that want to keep it whole will probably not abandon those who have more needs than abilities.
Since I’m 60% in C fund right now there is no sense considering bailing out. Unless somehow the S&P500 goes up 3 or 4% before noon EST on Monday and stays there.
Everything will be ενταξι or “endaxi”.
PO
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