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12.29.2014 Oh No, Greece Again Bookmark

Don't they know the world is trying to celebrate some Holidays? Evidently not as once again the Greeks couldn't elect a majority president, tossing the country into what will be a "snap" election in January. Meanwhile a handful of their major banks are terribly on the rocks, and that has pulled most of the European markets lower.

Don't they know the world is trying to celebrate some Holidays? Evidently not as once again the Greeks couldn't elect a majority president, tossing the country into what will be a "snap" election in January. Meanwhile a handful of their major banks are terribly on the rocks, and that has pulled most of the European markets lower.

Over here in the states, the futures are a bit punk this morning. Most of that is in direct response to the Europeans losing ground. Don't forget that we are indeed "all connected" and when fundies in Europe need to raise cash they can also do it by selling US equities and futures. But we can't blame everything on the Europeans. Our market has been up for 7 straight days and while not any kind of a record, it is a fact that once you pass 5 up days in a row...you're becoming overdue for a pause. Even central bank managed stock markets don't go up every day. Imagine that.

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