Cobra's Market View

Greeks will want to reneg the bailout after Spain got a non conditional bailout.

Even CNBC is recommending to take risk off the table tomorrow before the weekend....

1.15 million last buy on SPY

If you think the Greek issues are over, then go long...

Al_Dente wrote:All pre-mkt this morning on that cnbc international exchange early morn program, b4 the boys and becky come on
I kept hearing that the early polls out of grease CONFIRMED the Greeks will vote to stay in
I posted that this am
Grease symbol GREK confirmed that and still does
I have still NOT been able to find a credible link to that story
Anyone?

It must be another rumor because they have polling moratorium if I´m right from first of july

EDIT: i meant june

TraderGirl wrote:If you think the Greek issues are over, then go long...

The fun is in playing what's in between.
My screw up is getting out of Spain too early.

"Greece, Greece, Greece, Greece, Greece, Greece, Greece "
..... I am sick of hearing about Greece .... this is like a person who is riddled with metastasizing cancer and
is focusing on a pimple on his chin.

Greece is the Word.

KeiZai wrote:

Al_Dente wrote:...Anyone?

It must be another rumor because they have polling moratorium if I´m right from first of ... june

thanks keykey
what a day !!

"They" just showed their hand.

Oh... and btw, (IMO) the 'actual' "EVENT" that is going to push this market out of its range, in one direction or the other ................................... and u can quote me on this.

You won't see it coming.

snakehead wrote:Oh... and btw, (IMO) the 'actual' "EVENT" that is going to push this market out of its range, in one direction or the other ................................... and u can quote me on this.

You won't see it coming.

I see it coming......... Ben just went down the street in Obama's VW "fun bus" and is mooning people.

The screams are loud.......

I see it going....

The screams trail off into the distance.

Daily Elders. More Green overall (Asia Less Green). Italy Up. Heard something about a Canadian saying: if the european banks go down, so do we (Canada Red). Maybe they bought some of these nice Euro Bonds/derivitives. http://www.businessweek.com/news/2012-0 ... k-comments. I don't understand; Moodies Spain downgrade, real bad news on US and Canada economy, then a rumor of Europe backing Greece and the market skyrockets.

cougar wrote:To make this a successful beartrap, SPY has to go one more notch above SPY 133!
Then...DO NOT FORGET the futures markup tomorrow morning at opening!
In essence… color blind and shortsighted turkeys (not bears) painting waves down might be up for a surprise…unless they really know more…
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As I said before: the “risk” is on the upside…

Done