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Thread: Greece Votes NO

  1. #1

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    Default Greece Votes NO

    Can't say I'm surprised but I can say I'm disappointed. I don't see a lot of positive here.

    http://www.cnbc.com/id/102808740

    All the best in your investing!

    FS
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  3. #2

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    Default Re: Greece Votes NO

    Any idea how the markets will react? I'm guessing the news will be negative. Key word is, guessing.
    Weatherweenie's Account Talk
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  5. #3

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    Default Re: Greece Votes NO

    My understanding (after reading one of the articles posted by the news bot here, I believe) is that the proposal they were originally 'voting' on had already been withdrawn. IMO, it is more of a publicity stunt to say in effect, "Hey world, here's how we feel!"

    IOW, I don't see this having any real impact on the markets. In still other words, whatever happens Monday...was already in the cards.
    [COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]

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  7. #4

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    Default Re: Greece Votes NO

    Hi WW. USQ makes a really good point. My guess is that China is in a bad place still and the Greek news doesn't help out so markets are down tomorrow. Whenever there is instability expect some waves. If we have a down day tomorrow, they'll blame it on the Greeks. But it's the market and who knows....maybe they'll say it's good news and everyone that's in makes a mint...wouldn't surprise me. What will be interesting is to check the AutoTracker tomorrow to see what changes have occurred among the TSPers based on todays news.

    FS
    FogSailing
    Try to learn something about everything and everything about something.

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  9. #5

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    Default Re: Greece Votes NO

    It will be the reaction of the Eurozone that will determine the market reaction. If Greece is let go to fend for themselves, wouldn't it make sense for a stronger Euro? Stronger and consolidated presence? Think about their market share and hopefully we are past the worst. But if this raises the skirt of other countries having the same issues and "voting" their destiny.......HANG ON!
    THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
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  11. #6

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    Default Re: Greece Votes NO

    Quote Originally Posted by Frixxxx View Post
    It will be the reaction of the Eurozone that will determine the market reaction. If Greece is let go to fend for themselves, wouldn't it make sense for a stronger Euro? Stronger and consolidated presence? Think about their market share and hopefully we are past the worst. But if this raises the skirt of other countries having the same issues and "voting" their destiny.......HANG ON!
    What if Portugal and Spain play follow the leader and drop out of the EU? That's one thing they are worried about.



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  13. #7

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    Default Re: Greece Votes NO

    Quote Originally Posted by Frixxxx View Post
    It will be the reaction of the Eurozone that will determine the market reaction. If Greece is let go to fend for themselves, wouldn't it make sense for a stronger Euro? Stronger and consolidated presence? Think about their market share and hopefully we are past the worst. But if this raises the skirt of other countries having the same issues and "voting" their destiny.......HANG ON!
    Emphasis added.

    Interesting. It should also be the reaction, or not, of other potential lenders.

    Consider: Is it good business for the juice man1 to kill a delinquent customer? Does that help the juice man's bottom line? Does it cause other delinquent accounts to pay up? Or is it better to keep said customer alive with the hopes of one day, recovering funds?

    1'Juice man' is Chicago (Midwest? Nationwide?) slang for a (usually less sophisticated) lone shark. Nothing to do with the guy that made the juicer for your kitchen.
    [COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]

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  15. #8

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    Default Re: Greece Votes NO

    Celebration -- for now.

    10 Consequences of Greece's 'No'


    Jul 5, 2015 5:37 PM EDT By Mohamed A. El-Erian

    By heeding their government's advice and voting "No" in the referendum on Sunday, Greek citizens sent an unambiguous message. Much like the fictional Americans portrayed in the movie “Network” who threw open their windows and shouted out, “I'm as mad as hell and I'm not going to take this anymore,” the Greeks are demanding that the rest of Europe acknowledge their distress.
    Greece's Fiscal Odyssey
    At this stage, however, only a handful of European leaders seem willing to listen; and even fewer appear willing to deliver the sort of relief that Greece desperately needs. The implications will be felt primarily in Greece, but also in Europe and beyond.
    Here are 10 consequences of the vote that could unfold in the next few days:
    1. The victory of the "No" camp -- with more than 60 percent of the vote, according to preliminary returns -- will initially lead to a general selloff in global equities, along with price pressures on the bonds issued by Greece, other peripheral euro zone economies and emerging markets. German and U.S. government bonds will benefit from a flight to quality. [more]
    http://www.bloombergview.com/article...f-greece-s-no-





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  17. #9

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    Default Re: Greece Votes NO

    Quote Originally Posted by nnuut View Post
    What if Portugal and Spain play follow the leader and drop out of the EU? That's one thing they are worried about.
    They will wait and see.....I don't think they will be able to do any business unless it's cash only
    Quote Originally Posted by userque View Post
    Emphasis added.

    Interesting. It should also be the reaction, or not, of other potential lenders.

    Consider: Is it good business for the juice man1 to kill a delinquent customer? Does that help the juice man's bottom line? Does it cause other delinquent accounts to pay up? Or is it better to keep said customer alive with the hopes of one day, recovering funds?

    1'Juice man' is Chicago (Midwest? Nationwide?) slang for a (usually less sophisticated) lone shark. Nothing to do with the guy that made the juicer for your kitchen.
    The Finance World is really interesting. Some times it's the small fish that gets cut loose, take the loss (banks) and invest in the more "sure" catch.
    THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
    Tracker =
    Check my position


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  19. #10

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    Default Re: Greece Votes NO

    Euro Drops as Greece Votes ‘No’ to Austerity Demands

    by Emma O'BrienInyoung Hwang

    July 5, 2015 — 3:14 PM EDT Updated on July 5, 2015 — 5:48 PM E

    Euro Drops as Greece Votes



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  21. #11

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    Default Re: Greece Votes NO

    GREECE IN CRISIS: Special Report

    Video:
    Live TV - Bloomberg Business



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  23. #12

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    Default Re: Greece Votes NO

    Futures are down. Not a surprise. Stock Indices Futures - Investing.com
    "Welcome back my friends to the show that never ends...

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