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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 9:53 am to Sum3rian
In the grand scheme of things, it hasn't had that big of an effect.
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