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Greece - Red or Black

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3JN2
Frequent Contributor
Anyone brave enough to go short or long this weekend before the election on Sunday? More potential to gap to the downside than up.
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9 REPLIES 9
Tenor
Contributor
Talks between Central Banks looking positive. Almost pre empting Bad News
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Tenor
Contributor
Talks between Central Banks looking positive. Almost pre empting Bad News
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3JN2
Frequent Contributor
Bad news is making people think authorities will be forced to act positively and so resue situation. World desperate for re-assurance. Predict 500 points down if news bad and 100 points up if news good.
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Rams
Super Contributor
there will be a gap and we will trade the gap when it gaps
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richardw
Super Contributor
That's probably pretty close - mostly good news priced in, so a bit more risk to downside. Although, it's a long way to Greece being kicked out. Even if Syriza gets some level of power they'd probably just use it to negotiate a better deal.
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DEP
Super Contributor
Greeks are freaking out - they don't want to leave Euro, so a pro bail out parties should get enough votes to form a Government. There will be a short relieved rally come Monday morning. Short live because Greece will still be leaving Euro zone this year but in a more organise way (Euro zone want to make example of non compliant countries) - bottom line Greece has hardly complied with requirements. Next thing to watch - Spain & Italy. I wont go short or long on the ALSI over the weekend but holding on to my Golds.
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DEP
Super Contributor
... just to add. I do not believe Central banks will move as far as markets expect - unless there is Financial Armageddon on Monday. I thing Fed will only move around Sept (they will wait for things to get worse before jumping _ FED wants to be seen as the Saviour - and no what they truly are).
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doomsdayza
Super Contributor
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Rams
Super Contributor
Spain just downgraded to BB-
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