Tsipras Says EU Won't Cut Greek Funds Or Eject Greece From Euro

the most half-ass reason for a rally i have ever seen...

FADE!

so eu will go down again?wait n see

who in the world is buying into all this crap... alll we need is someone [anyone] to say "trust me, it will be fine" and we have a buying frenzy.......

It's the janitor at the ECB, buying EUROs like hot cake!

I can't believe the market rallied yesterday after the Mexican President said they will talk about the crisis at the g20 meetings. They always talk about it and do nothing. What could be different this time? And then to think they will solve a debt crisis by adding more debt to spain is hilarious.

retailers are net short so big boys are buying to eat thru stops

I hope that the EU will control all monetary transactions and limit cash machine withdrawals as soon as these sobs will gain power.

Maybe it's not EUR's strength, but the weakness of USD

i am agreed that if Syriza win they will not choose to leave the euro as they have a very commanding place to negotiate a better deal for Greece and its people.

there is no mechanism for removing Greece from the euro as we now the leaders of the euro zone take months to agree on anything and it normally become s a fudge.


so if greece votes in for anti-austerity . they can get the deals rewritten, if germany refuses, we have a stand off and the markets as well as the public will panic. the longer Greece dig their heals in the closer we get to a major banking collapse . they refuse to pay the bills, they get kick out of the euro then Portugal, Italy Spain will have bank runs like we have never seen in our life times this will add pressure on Germany and others to make a deal. so kicking Greece out is not an option. emergency bank holidays and bank ATMs closed as of monday is a real plausibility.

this is my quote for the day

"when you owe a little money and can't pay ..you are in trouble, when you owe a lot of money you are in real big trouble and a lot of pain. but when you owe so much money and other people keep giving you money as they fear if they don't you wont pay. then you are in a very powerful position"

You're right baloand, because of the poor retail numbers which will bring QE back to the table.

Yeah balo, could be $$$ weakness and also a bit of summer volatility, up, down, up, down. Ahh, summer, where's summer?

The turnaround however wasn't a sudden move, one could see the upturn coming on the 15M chart.

Canada Fin Min: Europe Needs to Take Steps to Restore Market Confidence

Why do politicians keep saying the same old stuff all the time? It makes me sick!!!

Greece Is More Important then any Country In Europe? Because It fuck the market more quickly then others

http://www.businessinsider.com/citi-predicts-three-grexit-scenarios-2012-6

a must read article, 3 case scenarios for Greekexit

it might be heading towards 1.18 maybe 1.00 by next week

i am agreed that if Syriza win they will not choose to leave the euro as they have a very commanding place to negotiate a better deal for Greece and its people.

there is no mechanism for removing Greece from the euro as we now the leaders of the euro zone take months to agree on anything and it normally become s a fudge.


rest of article posted earlier if anyone like to see my face book article on why i think this weekend the can has found the end of the road feel free to look
on facebook it is under .

the Euro crisis a Greek tragedy

link below

http://www.facebook.com/groups/141996529267174/

The buck never stops,until it hits Germany and Japan.Printing will not solve the problems,there has to be a wash-out of bad debt.Delaying the situation will only make it worse.
Run to the U.S. Dollar,think again,the war machine has run out of tax money and is broke with its run down cities,an industrial base given to communist China and a corrupt "for profit" prison system that is bankupting America.
Poor old America and England,broke from endless war.

COMMON! Have a heart. This kinda stuff keeps the politicians and their brothers-in-law living the high life.

The US is not finished yet.
Just most business people are not willing to play the chump that gets fleeced.
Government spends, Bernanke prints and the wheels are coming off the wagon.
Risk will be taken again, but not under the current situation.
Lot of money waiting to get going . People are ready for a dose of America as it really is. Not the present circumstances however.
Feeding the Beast only makes it worse, Business chooses to starve the Beast.

What is the Euro recipe?
Take one large pot, fill half way with water.
Add 1 oz. Beef
1 oz. pork
1 oz. goat
1 oz. sheep
1 oz. lamb
1 teaspoon pepper
1 teaspoon salt
1 teaspoon olive oil
1 teaspoon milk
add couple of oranges
add couple of lemons
1 cup fish stock
some carrots
some radishes
some potatoes
some old shoes
bring to boil and serve.

And that's saying something.......

as per the CME COT report the commercials have taken a long position on EURO. wonder who is shorting the EURO?.