This page has been archived and commenting is disabled.
Stocks Stumble On Chatter Of 'Contingency Planning For Dirty Greek Exit'
The S&P 500 and Dow futures are now trading back below the pre-Greek Talks Fail levels from Monday on desk chatter from a New York think-tank claiming contingency planning for a "dirty exit" are being made...
NY think tank report on Greece said to say Greece and the Eurogroup may still strike a short-term deal tomorrow but contigency plans for a "dirty exit" are being made, as reported by Ran Squawk.
Reports also says that the stand-off has gone beyond an argument over wording, and that creditors are losing trust they had in the Greek government and are doing contingency planning for a "dirty exit" from the program.
* * *
As Goldman recently warned,
That said, there are aspects that leave us more worried than we have been since the start of the Euro area crisis. The confrontation between Greece and its European creditors is taking place against different political constraints than on previous occasions. The new Greek government has to be able to claim at home that the program agreed on by its predecessors is all but defunct. While the European partners can agree to modify the content of the program, as we have seen occur in other program countries, they cannot abandon previous arrangements. In our view, the risk of a miscalculation in the negotiations remains high and will peak between now and month-end, when the current program ends.
...
To mitigate the risk of a failure of the two sides reaching an agreement by the end of the month, investors could consider buying deep out-of-money put options spanning this horizon on liquid equity indices. Given the systemic nature of the ‘shock’, we doubt that even the major markets would be unaffected.
* * *
WTI is also sliding rapidly towards a key test level...
»
- 8762 reads
- Printer-friendly version
- Send to friend
- advertisements -
Buy the Tyler Dip.
I'd be selling those puts
"#fuckthatEUbrothel"
" Given the systemic nature of the ‘shock’, we doubt that even the major markets would be unaffected."
So that's bullish, right? /sarc
Fails to mention Nikkei Futures, which have broken up and are now well above the Dow
Sarc maybe but NASDAQ is on a tear.
DavidC
Apple throwing its weight around.
equity markets have not peaked, maybe mid march for 2015, too much sucker 401k $$ still coming in and nasdaq still under 5k
finally
"Fuck the EU"
Sell Gold?!?!?!
"they cannot abandon previous arrangements"
Shock, horror of course they CAN'T, the banksters lose out even a tiny bit?? Absolutely no way will they agree to that
Why do they need to go through this back and forth? Just pull a SNB and boom, done.
I keep thinking this Grexit will knock investors out of their QE stupor so I wish it would happen already so I can see if I'm right.
Hope 'dirty' describes the exit, or the Greeks'll be even more angry. Is this a Drexit? 'Dirty Exit?' - like a raccoon from a tub of molasses ...
"Dirty Greek Exit" sounds just nasty.
not to be confused with the "dirty sanchez" and "glass bottom boat"
Or the Philly Sidecar?
No go ahead, look that one up.
That's also known as a Philthy Obama
"Dirty Greek Exit" sounds just nasty.
Not to Obama it doesn't, he thinks a man's anus is a sex organ.
Accountability? Will Goldman Sachs be providing a refund for cooking Greece's books in order to get them in the E.Z. to begin with?
Oh, do tell...
+10 - excellent point
FYI- If they were held accountable, all the GS executives and owners would simple get even richer by shorting themselves....
Fucked up world on borrowed time...
bankgovernmentbank..seems we cannot seperate them. all this trauma on common folk to save the banks, it's as if the banks are the only concern of berlin and brussels. stupid they are.
the captured EU cannot think outside of an economy not dominated by banks, because they are paid not to.
early american presidents feared this very thing. and here we are.
+!
I bet everyone here is familiar with the T Jefferson quote about 'private banks!'
an ol whiteman's prediction..
'If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks…will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered…. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs. – Thomas Jefferson in the debate over the Re-charter of the Bank Bill (1809)'
homeless 2015: renters not home owners, cars leased or a loan of 84 months, taxes owed every year never to be paid in full..that's the wests dilemma..the common man only owns debt.
Cramer just said we're definitely gona retest $43 WTI, yesterday he said we definitely already saw the low at $43, what an azzhat...
I am going to go way out on a limb here, but I believe most of Cramers viewers all 8 or 10 of them possess the comprehension level an early grade schooler. So they just do as he sez!
oh boy....
"Greece gonna do this..."
"Greece gonna do that..."
It's all been dirty for 10 years plus
NY think tank? I think that is what you call an echo chamber populated by deaf mutes.
philo, you give them too much credit...
Love a dirty exit ;)
"Janet, please pick up the nearest Wall Street courtesy telephone."
Greece wont leave. Money will be given at the 11th hour. This rerun is sooo boring.
perhaps, but who's money exactly? that's probably the only important bit.
Whose
ummm, yours and mine, that's whose money they gave to them...
What about the secret $16 trillion USD loan to european banks, among others. What did they put as collateral? These criminals are living in lala land
Dirty Greek Exit Plan--is that some form of Withdrawal Method? Never trust them when they say "Only the tip."
This is all so much a farce. It won't matter in the end anyway, it's all going down!
Iraq/Libya with their oil-fileds are burning. Greece with it's shipping industry is falling off the edges. And yet oil is plummeting? Nothing makes sense.
The disintegration after a Wall Street crash (1929/2008) is following its usual path.
Just ignore the markets, they have no bearing on reality and are juiced up on trillions and trillions of QE.
A dirty Greek exit would inflict the most pain on Greece.
Since they are worried about other nations following Greece, the last thing they want is Greece leaving the Euro and doing well.
It all makes sense.
...As Goldman recently warned, "...In our view, the risk of a miscalculation in the negotiations remains high..."
One can only hope Greece is receiving counsel from William K. Black. I suppose even he could be bought but I still have Hope, regardless of the den of theives residing in every statehouse of the Union. (Domestic and Foreign)
Can't wait for minor banking tremors to shoot gold, silver and cryptos to the moon.
Stocks stumble on their own vomit after the party.
Getting ready to gorge their bellies again.
Aint the Coliseum fun.
Everyday is a holiday.
This will last forever!!!