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2.19.2015 More Greek Tragedy Bookmark

Once again the market has been whipped around a bit this morning over the situation in Greece. They went hat in hand to the Union, and asked for a 6 month extension of their loan situation. That got the futures all fired up. But the Germans said "Nein!" they aren't budging on their stance for a total bail out. So the futures quickly retreated. With the DOW attempting to push through to all time highs, they're going to need something to give them the ammunition, and so far that's not it.
Once again the market has been whipped around a bit this morning over the situation in Greece. They went hat in hand to the Union, and asked for a 6 month extension of their loan situation. That got the futures all fired up. But the Germans said "Nein!" they aren't budging on their stance for a total bail out. So the futures quickly retreated. With the DOW attempting to push through to all time highs, they're going to need something to give them the ammunition, and so far that's not it.

By the way, our latest newsletter is posted, and this week we talk about "is there really a crash possibility in 2015?" When you look at the market making new highs, you figure that's crazy talk. But if you look beneath the surface and see the sludge we're built on, you can indeed make that case. Swing over and take a read, it's good stuff.

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