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  • Greece Running Out of Cash; Government Under Threat

    From cnbc.com

    Greece’s downward spiral has come to the top of the euro zone agenda again, with economists and analysts warning that it is closer than ever to running out of cash, and that the survival of a coalition government brought in just five months ago is under threat. “Greece is running out of cash.The current strategy is really not working and there is substantial political risk,” Thanos Vamvakidis, head of European G10 currency strategy at Bank of America Merrill Lynch, told CNBC Thursday. Greece’s economy has disappointed on every key metric – growth, unemployment and debt reduction - since the initial bailout ... (full story)

Infinite times this news is published. It is not a new one. Maybe talk on recent incident like Sandy. Media and press are the bloody mother of all polarization...
here we go againn
  •  Guest
  • | IP XXX.XX.12.10
Same old story ..
News is noise in direction (both scheduled and unscheduled but more so for unscheduled events) - more misleading than anything else in terms at least of market orientation. May work by coincidence (given that news is mostly random) but is not fundamental to how the market works in terms of correct orientation to the pricing regimen. On average we are trading mean reverting markets that are fractal in structure - understand that (and become less affected by news driven orientation to the markets) then may be there is a chance of sustained profitability even from swing trades identified with the principles on which the markets actually work.
How about reminding us that the USA is next and we don't have anyone to bail us out. Remove both parties!
  •  Guest
  • | IP XX.XX.70.138
there is no incentive for greece to change. they will always get money good or bad. german money is f%cked.
closed all my orders..reached my week's target ......both usa and greece can go to hell
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  •  Guest
  • | IP X.XXX.227.73
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  • Story Stats
  • Posted: Nov 1, 2012 6:44am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 7  /  Views: 2,128