Rick has some comments on the Greek vote and how the markets are reacting
Rick joins us to recap his thoughts on the Greek no vote. We then get into the US conventional markets movement as well as the oil price drop today.
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Discussion
3 Comments
Jul 06, 2015 06:55 AM
Jul 06, 2015 06:53 PM
As I said earlier, the will not allow the fat lady to sing!
Jul 06, 2015 06:34 PM
Very good thoughts guys. I agree with Rick & Al that the markets have discounted the news in Europe thus far, and it has been a hum-ho non-event. Things can still escalate if things get friskier, and I also expect the dollar to start to climb again (but I’m not sold on the 120 level at this point). If the USD takes out the old high at 100.39, then I see 110 as next resistance.
HEADS UP, ALL !
GREEK REFERENDUM DISMISSED BY THE EUROPEAN COMMISSION AS BEING ”…NOT LEGALLY CORRECT ! ! !
Read all about it Here »
http://www.telegraph.co.uk/news/worldnews/europe/greece/11721043/EU-dismisses-Greek-referendum-as-not-legally-correct.html