Wednesday, June 15, 2011
If Greece Is Such a Problem
Why is the Eurostoxx 50 index outperforming the S&P 500 over the past 3 months? The European stocks have priced in these Greece worries a long time ago. You would expect the European indices to underperform like it did in 2010 when we had the first act of the Eurozone crisis. But this time, it's the opposite. European indices are outperforming the US indices. The fear is palpable today with the Greece riots and the surging dollar and de-risking. I am looking at long entries soon. Very soon.
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3 comments:
everyone who trades stocks basically a dollar trader whether they know it or not
Dude ... it's not greece. It's US all alone. What do you think will happen after QE2 is done and if debt ceiling cant be fixed ? US is basically bankrupt !
Bouncy.
We are right near the March lows. Which I called the other day.
We should hold the first time at least. I starting buying late today. I will be adding on tomorrows open. I'm expecting a move higher to around 1300.
Then a move lower in the beginning of July. Followed by a earnings related rally in the second half of the month.
This is too easy.
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