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re: Stock market tomorrow after the Greece news
Posted on 6/29/15 at 9:00 am to bayoubengals88
Posted on 6/29/15 at 9:00 am to bayoubengals88
Why does Greece, with so little impact on the worlds GDP, have such a big effect on world markets?
3
Posted on 6/29/15 at 9:03 am to Sum3rian
The market always overreacts.
It causes instability in European financial markets.
Investors prefer stability.
I wouldn't buy or sell based on what happens in Greece.
It causes instability in European financial markets.
Investors prefer stability.
I wouldn't buy or sell based on what happens in Greece.
Posted on 6/29/15 at 9:05 am to Sum3rian
It's not about GDP as much as it's about Greek debt that will become "bad" if they leave the eurozone, which seems quite possible at this point. That would have a very negative effect on European (mainly DAX) markets, and that would trickle over to the US.
That's oversimplified, but I think that's the central issue.
Others can add where needed.
That's oversimplified, but I think that's the central issue.
Others can add where needed.
Posted on 6/29/15 at 9:20 am to bayoubengals88
KO under $40 is intriguing
GSK and JNJ also have caught my eye
Obviously Xom and CVX too
GSK and JNJ also have caught my eye
Obviously Xom and CVX too
Posted on 6/29/15 at 9:31 am to TigerTatorTots
quote:Coke and Unilever have fluctuated between $38-45 for 18 months. It's almost been a guarantee.
KO under $40 is intriguing
Posted on 6/29/15 at 9:53 am to Sum3rian
In the grand scheme of things, it hasn't had that big of an effect.
Posted on 6/29/15 at 11:18 am to bayoubengals88
quote:
almost certain
quote:
at least that's what has happened for the past 18 months.
Posted on 6/29/15 at 11:32 am to TigerTatorTots
quote:
Obviously Xom and CVX too
Wouldn't touch any oil stock right now.
Wait after the Iran deal, which will send oil prices to the abyss
This post was edited on 6/29/15 at 11:37 am
Posted on 6/29/15 at 11:44 am to BenFranklin
Laugh all you want, but I know a guy who has made a lot more than he's lost with this thought process lately.
Posted on 6/29/15 at 11:45 am to Northwestern tiger
quote:When is this supposed to happen?
Wait after the Iran deal, which will send oil prices to the abyss
Posted on 6/29/15 at 11:49 am to bayoubengals88
could be as early as this week but no later than next month
Iran is a done deal IMO
Iran is a done deal IMO
Posted on 6/29/15 at 12:03 pm to Northwestern tiger
Are you saying Iran incentivizing companies to produce oil will cause the price to drop?
It seems like that would already be taken into account in the price
It seems like that would already be taken into account in the price
Posted on 6/29/15 at 12:09 pm to TheIndulger
VDE creeping back down to 52week low
Posted on 6/29/15 at 12:13 pm to jimbeam
quote:
VDE creeping back down to 52week low
I'm going to wait for this:
quote:
Wouldn't touch any oil stock right now.
Wait after the Iran deal, which will send oil prices to the abyss
Posted on 6/29/15 at 12:16 pm to bayoubengals88
Is there a good chance of it going through?
Posted on 6/29/15 at 12:17 pm to jimbeam
quote:
Is there a good chance of it going through?
quote:
could be as early as this week but no later than next month
Iran is a done deal IMO
I hope my source is accurate
Posted on 6/29/15 at 12:58 pm to Northwestern tiger
quote:
Wouldn't touch any oil stock right now.
Wait after the Iran deal, which will send oil prices to the abyss
I would argue it will help oil prices in the long run, if you turn a country like Iran loose in the middle east with nuclear capabilities.
Posted on 6/29/15 at 1:36 pm to TheIndulger
quote:
Are you saying Iran incentivizing companies to produce oil will cause the price to drop? It seems like that would already be taken into account in the price
No, Iran itself would introduce 500k-1.5mm barrels of oil every day into the global oil market. Many OPEC countries actually maintained or ramped up production to take Iran's previous customers and to meet as much demand as they could before Iran re-enters the market. The world has done fine without Iranian oil, but now Iran is coming back to lower prices from a supply glut.
What a perfect time it is for them to develop nuclear weapons.
This post was edited on 6/29/15 at 1:38 pm
Posted on 6/29/15 at 8:21 pm to Omada
Asian and Australian markets are rebounding already for what it's worth, which might not be much at all...
Posted on 6/29/15 at 8:49 pm to bayoubengals88
I haven't been closely following them, I only knew that the Shanghai market took a beating. China lowered the interest rate 0.5% in response, so it might be recovering due to that, or it could be a dead cat bounce. Time will tell.
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