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The market continues to wait on the news of the next Greek bailout. Each day that something “might” happen, the market grinds higher. When that “something” falls flat, the market goes flat again. After an early slide this morning, the market received the headlines below from Bloomberg and resumed its pathetic, no volume, and zero volatility churn higher.

 

There was a “final” deadline LAST Friday; then another “final-final” deadline Sunday evening; then another on Monday; then (today) Wednesday there was the “final-final-final” deadline; and now there is another: Thursday is the latest “now-we-mean-it-for-realz” deadline, before the latest ridiculous summit where Eurocrats will convene to steal more national sovereignty on behalf of the banking mafia.

 

Will this newest deadline be met? Would it matter if they didn’t meet it?

 

TROIKA DRAFT GREEK ACCORD SAYS 2012 GDP TO SHRINK AS MUCH AS 5%

GREECE TO CUT MEDICINE SPENDING TO 1.5% OF GDP FROM 1.9% OF GDP

GREECE PLEDGES TO MERGE ALL AUXILIARY PENSION FUNDS

GREECE TO PLEDGE 20% CUT IN MINIMUM WAGE IN TROIKA DRAFT

TROIKA DRAFT GREEK ACCORD RENEWS PLEDGE TO CUT 150,000 EMPLOYEE

TROIKA DRAFT GREEK ACCORD PLEDGES 15,000 STATE JOB CUTS IN 2012

GREECE TO PLEDGE ACCELERATED LABOR, PRODUCT MARKETS REFORMS

GREECE PLEDGES PERMANENT SPENDING CUTS IN TROIKA DRAFT REPORT

GREECE PLEDGES NOT TO INCREASE SALES-TAX IN DRAFT REPORT

 

But no worries folks – the genius Eurocrats of the Troika exclaimed that Greece will actually believes Greece will “return to growth” in 2013. Yup, in less than 11 months Greece will be on its way to stellar GDP growth. Give me a break.

 

Trade well and follow the trend, not the so-called “experts.”

_____________

Larry Levin

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resumed its pathetic, no volume, and zero volatility churn higher.

.................

Trade well and follow the trend, not the so-called “experts.”

_____________

Larry Levin

Founder & President TradingAdvantageTM

 

sounds like a bull market :) climbing the wall of worry.

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The market continues to wait on the news of the next Greek bailout. Each day that something “might” happen, the market grinds higher. When that “something” falls flat, the market goes flat again. After an early slide this morning, the market received the headlines below from Bloomberg and resumed its pathetic, no volume, and zero volatility churn higher.

 

There was a “final” deadline LAST Friday; then another “final-final” deadline Sunday evening; then another on Monday; then (today) Wednesday there was the “final-final-final” deadline; and now there is another: Thursday is the latest “now-we-mean-it-for-realz” deadline, before the latest ridiculous summit where Eurocrats will convene to steal more national sovereignty on behalf of the banking mafia.

 

Will this newest deadline be met? Would it matter if they didn’t meet it?

 

...

 

I never beleive these "deadline", "almost done", "too close" stuff...newspapers need headlines :rofl:

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