Well today the news is all filled with the riots in the streets of Greece. It seems that Wall Street this morning is very optimistic that a deal can be reached by the Greek legislature so that minimum wage earners have their wages cut---its called the new austerity. It seems that the IMF and Wall Steet is real excited about this prospect for Greece....and who knows maybe for the United States too....just wait a few months or years....
In reviewing the news last week, it seemed that every day the financial markets were switching emotions faster than a love sick teenager---one might surmise that this was all rational behavior. From my perspective it was just one planted story by the bulls who owned calls or the bears who owned puts, and all just in time for option expiration. In short, most of what we have been reading is just bought and paid for by the commercial gamblers on Wall Street----and while I revel in the new freedom of online publishing, with blogs etc, I mourn the chaos that has produced mostly the tower of babel in real time.
Thats how I see it. And you?
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment