Greece

[#1]

Hi, if the bailout plan gets approved this afternoon, can we expect a bump up in the market.

[DEP]

Short term rally yes - maybe 1 to 2 day. We might get a half cooked deal. A highly conditional deal subject to Greece doing a/b/c/d before and after elections in April (and YES the greeks will see red). So the Greek factor will no go away... They (EU) will use Greece as an example to for other PIIGS country.

[SimonPB]

remember actual Greek deadline is 20 March, that's when they have to make payments .. so plenty time for lotsa talk before hand ..

[Quakedog]

YAY!

[richardw]

The bump's already happened, mostly. There could be a small surprise to the upside, but I think our market is getting nervous that the US is a bit toppy, and the oil price is going up.

IMHO, there's a pretty solid ceiling above. It could be a little higher than current values, but there's a lot of optimism in the price. To punch through and get a real rise, we'd need something extra.

The oil price going up is not the 'something extra' you're looking for.

[SimonPB]

time line for Greece over next month .. http://www.zerohedge.com/news/timeline-greece-following-todays-finmin-meeting