Tag: greece

The Looming Greek Disaster

Posted on by The INO.com Team

How do you spell Greece? D-I-S-A-S-T-E-R

Remember Greece? Yes, that's the very same country that created all the problems for the world's economies back in 2008. Well, Greece is back and the problems could be even greater this time. I'm not sure who it was who said this, but it has been said that you don't solve debt problems by piling more debt on to more debt. I agree, but that is exactly what the world has been doing since 2009.

In every great challenge there are great opportunities and 2015 could be one of those extraordinary years when smart investors can do very, very well. I don't think it's going be on the long side of the market, however. I think this bull market that has been going on for six years is about to come to a screeching halt as reality finally sinks in and we begin to pay for the folly of our deeds. Continue reading "The Looming Greek Disaster" →

It's more important to the market than the Fiscal Cliff, the sequester and all the debts of Italy, Greece, Portugal and Spain combined

Posted on by The INO.com Team

The drama of the Fiscal Cliff and the recent sequestration circus, plus the trials and tribulations of these four countries (which have run up huge deficits) have been well documented and known for quite some time. What is more important, in my opinion, is not the size of the debt which is staggering, but rather what is happening in the market and the market's perception of current events.

Market perception trumps everything else out there. Market perception trumps market fundamentals every time. Market perception is the one card that the government cannot control. It is the card that can potentially give the individual trader an edge.

So what is market perception? Well, have you ever noticed that when some big world event happens, or a new "hot" IPO hits the markets (remember FaceBook, Zynga and Groupon?), traders expect that market to go in the talked about direction and typically it does. What doesn't get talked about is how the market then corrects itself and the technicals really come into play.
Continue reading "It's more important to the market than the Fiscal Cliff, the sequester and all the debts of Italy, Greece, Portugal and Spain combined" →

Greece seeks more time; Juncker meets with Samaras

Posted on by The INO.com Team

Greece needs more time to implement tough financial reforms and spending cuts, Prime Minister Antonis Samaras says as he starts the first of a series of top-level European meetings to discuss his debt-ridden country's international bailout.

Jean-Claude Juncker, head of the Eurogroup, the body representing the finance ministers of the 17 countries that use the euro, arrived in Athens Wednesday afternoon to meet with Samaras and his finance minister, Yannis Stournaras. The Greek premier then heads to Berlin later this week to meet with German Chancellor Angela Merkel and on to Paris to see French President Francois Hollande. Continue reading "Greece seeks more time; Juncker meets with Samaras" →

Greek Election Outcome May Only Delay Euro Exit: Capital Economics

Posted on by The INO.com Team

(RTTNews) - Though the victory of the pro-bailout New Democracy in Sunday's elections eases concerns of Greece's imminent exit from the euro-zone, the country still faces the risk of leaving the single-currency bloc at the end of this year, Capital Economics European Economist Ben May said in a note Monday.

According to the firm, policymakers will need to take much greater action, perhaps including significant steps towards full fiscal and banking union, to prevent a bigger, more damaging form of break-up. Continue reading "Greek Election Outcome May Only Delay Euro Exit: Capital Economics" →

Weekend Wrap Up: Apple hits $600 and the S&P500 index closes over 1,400. What's next?

Posted on by The INO.com Team

Hello fellow traders everywhere, Adam Hewison here co-founder of MarketClub with your weekend update for the trading week ending on 3/16/12.

Last week was a strong move for the equity markets and gold slipped to ten week lows. Despite rumors of releasing strategic oil reserves the oil market closed practically unchanged for the week.  The metals were lower for the week and look to be on the Continue reading "Weekend Wrap Up: Apple hits $600 and the S&P500 index closes over 1,400. What's next?" →