now is probably a good time to do so. There is not much between us now and the 42k level (where we gapped up on the 18th). - and given the speed of the correction, I seriously doubt that level is going to hold. We should break around 2000 points from here in the next week building up to the next ECB meeting. From there - maybe Mario and crowd can come up with an ECB QE program AND - stop those pesky Greeks from threatening to leave the Euro.
might as well be clowns waff balloons, nobody cares about the geeks, if you gonna make up a bs story , at least make it slightly believable, und , this would have been even more believable a 1000 (2.5%) ago.
JSE caught in a place where we correcting not much of an uprun as the US.But i agree, Draghi and ECB QE may settle this. As for the Greeks, is it not that the Germans want them out more than the Greeks wanting to leave?
well, we are carving through that gap on the 18th like it was butter. And this kind of momentum will carve through the 41k level like butter too. We need a stimulus announcement bad - maybe one out of China again (the rumors re starting to circulate) or the ECB
A Greek exit would cause a run on Greek banks, bankrupt them overnight and that would contaminate the rest of Europe as investors panic over will Italy etc be next. It would be a disaster for Germany and probably everybody else, including us. It aint going to happen.