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Greek Stocks Surge; Best Start To Year Since 1994

Tyler Durden's picture




 

Much like the rest of peripheral Europe, Greek stocks have been on a rampage in the first few days of the year. Whether this is a global rotation into the junkiest of the junk - betting on the inevitable rescue and intervention to keep everyone safe, or merely front-running an ECB QE effort as inflation tumbles - is unclear but it is worth noting that this is the best start to a year for Greek stocks since 1994!! Remember Greece is not Japan (or Venezuela).

 

 

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Wed, 01/08/2014 - 13:15 | 4311947 LawsofPhysics
LawsofPhysics's picture

"as inflation tumbles" -  Can someone provide data on the cost of living in Greece right now?

Wed, 01/08/2014 - 13:32 | 4312002 Leonardo Fibonacci2
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FREE OUZO FOR EVERYONE

Wed, 01/08/2014 - 14:22 | 4312182 Sudden Debt
Sudden Debt's picture

and water is 50 euro's per liter...

Wed, 01/08/2014 - 13:17 | 4311957 shepherd
shepherd's picture

Maybe the greek economy is just getting better? Not that we would read about that here.

Wed, 01/08/2014 - 13:48 | 4311960 LawsofPhysics
LawsofPhysics's picture

Maybe, what exactly are they producing and who are they selling it to?

Wed, 01/08/2014 - 13:20 | 4311965 i_call_you_my_base
i_call_you_my_base's picture

Right, as youth unemployment hits 55%.

Wed, 01/08/2014 - 14:23 | 4312190 Sudden Debt
Sudden Debt's picture

got lost on your way to youtube?

Wed, 01/08/2014 - 13:20 | 4311963 GreatUncle
GreatUncle's picture

Surprised? No!

It is not hard to Cyprus value held in a bank but it is dam hard to convert stocks to value and confiscate that.

Now as Abe in Japan is screaming out for, needs pay rises to support any inflation of the economic structure and if that is not there then you are blowing a bubble. Overall the relative size of a gross economy may grow if the consumptive support is not there even holding the same level of consumption it is a relative contraction.

Game on, bubble forming, no underlying support, potentially the pre-emptive move before a Cyprus occurs by those in the know.

And please, an economy that contracts 6% YOY for 5 years at the new normal rate of growth of only 0.6% YOY (that weas recently announced) takes near 50 years to recover and means all those young adults today will not see any real recovery in their lifetime.

Wed, 01/08/2014 - 13:24 | 4311976 hugovanderbubble
hugovanderbubble's picture

ZLCS rocketing Next step 6$

Wed, 01/08/2014 - 13:25 | 4311977 BandGap
BandGap's picture

Selling the house, all in!

Wed, 01/08/2014 - 13:25 | 4311978 Shizzmoney
Shizzmoney's picture

As societies decline (Greeks have only recovered on average 40-50% of their income back from when this shit started to happen), markets rise.

Maybe we should rethink this whole thing.

Wed, 01/08/2014 - 13:29 | 4311991 Save_America1st
Save_America1st's picture

ummm...yaaawwwn...

Wed, 01/08/2014 - 13:31 | 4311998 q99x2
q99x2's picture

Some people that are having difficulty there may be helped by higher stock indexes.

Like here some of the people that are being negetively affected by Washington D.C. policy also own some stock. They can use that money to help counter the globalists.

Even little ole me owns some stock.

Wed, 01/08/2014 - 13:45 | 4312050 yogibear
yogibear's picture

The stock market is great but the economy is in the dumps. Yeah, the recovery acording to the IMF banksters has been going on for 3 years.

 The process of a natural adjustment is being held back by the central banksters. Eventually it will adjust, it's inevitable. 

The market is much more dynamic than the central banks can manipulate.

Wed, 01/08/2014 - 13:46 | 4312052 HamRove
HamRove's picture

Oh good! Greece's economy is fixed. One less thign to worry about...... 

Wed, 01/08/2014 - 13:47 | 4312053 Johnny Cocknballs
Johnny Cocknballs's picture

What's Faber think?

Think the opposite.

 

Wed, 01/08/2014 - 13:53 | 4312078 Spungo
Spungo's picture

"What's Faber think? Think the opposite. "

Actually, guys like Faber, Schiff, and Stansberry have been very bullish on stocks outside of the US. When Greece was in trouble, the stock market crashed. It was a great buy opportunity. Being based in Greece doesn't mean it only operates in Greece. 

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