Totally black ... statements in different European languages like "Porca miseria" or "Que horror" and a statement in Greek (what means "o god, that is the end"). Investors seem to be in a room with no light. In the article they describe the markets are in panic mode.
People, familiar with the sentix sentiment cycles know, that such words (panic) and pictures will be shown almost always near the end of a move.
Why is nobody asking the swiss to participate in a bail out? They would be hurt the most by a greek default. It seems crazy that german, french, italian ... taxpayers are going to bail out UBS and other banks that are busy helping tax evaders hide their dough.
ReplyDeletedo you have any numbers on that?
ReplyDeletehttp://www.zerohedge.com/sites/default/files/images/user5/imageroot/paulson/Greek%20Exposure.jpg
ReplyDeleteSwiss GDP is about $500 billion, a fifth of France GDP. So relative to GDP Switzerland of all large holders of greek debt would be in trouble the most in case Greece defaulted - actually they would be pretty screwed i guess. It´s funny - or sad if you´re german tax payer - that Schäuble made a big deal about buying Disc with data that revealed identities of german tax evaders contributing a couple 100 million to the budget, but is letting the Swiss free ride on a EU/IMF bail out.
The Greek Folk is simultaneously to panic on a bankrun to get their Euros.
ReplyDeleteShows the end of the Move (i agree) AND THE VALUE OF EURO in the mind of the people.
Result:
The End of the Euro? Nope, never...