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IBDvalueinvestin (98.48)

GREEK Problem Rearing its Ugly Face Again on Sunday



May 04, 2012 – Comments (1) | RELATED TICKERS: MIDU , DIA , SPY

Greek Elections are this Sunday and chances are high they will "Elect a Government that will be pushing for a renegotiation of the BAILOUT DEAL".

 The Greek election is going to be messy. Thirty-two parties are on the ballot, and 10 may make it into Parliament, with none achieving a majority. Of those 10, seven oppose the IMF bailout deal, and two want to leave the euro entirely. So there’s a good chance the new Greek government, whomever may be running it, will be pushing for a renegotiation of the bailout deal  (which is something nobody else in Europe wants to deal with.) Meanwhile, Barley said, the IMF will be looking for more spending cuts.

1 Comments – Post Your Own

#1) On May 04, 2012 at 2:24 PM, IBDvalueinvestin (98.48) wrote:

The etf GREK has come down from $19+ at the end of Jan. 2012 to $14.03 today. But its either halted or closed today because volume is 0 and the spread is huge.

$13.90 bid and $14.54 ask.



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