News Focus
News Focus
Followers 141
Posts 35162
Boards Moderated 4
Alias Born 08/24/2003

Re: bmw328 post# 67498

Wednesday, 06/15/2011 8:09:44 PM

Wednesday, June 15, 2011 8:09:44 PM

Post# of 72997
Greece's prime minister said on Wednesday he would form a new government and seek a vote of confidence from his parliamentary group after violent protests against austerity measures.
"Formation of a new government in Greece is unlikely to change current investor thinking because investors remain susceptible that any government regardless of composition can deliver the economic measures on the scale required to avoid what would now appear to be inevitable default.

"The impact of European sovereign issues on (U.S.) domestic equity markets is indirect and felt mainly through the negative impact it has on investor sentiment.

"Relatively small amounts of U.S. company revenues and profitability are sourced from Europe and investor expectations of this increasing in the future are low.

"In contrast, U.S. economic growth projections and the country's own federal debt crisis are much more important considerations for domestic investors focused on macro risks."
http://www.reuters.com/article/2011/06/15/us-greece-view-idUSTRE75E6C420110615


My post is for my entertainment, do your own DD before pushing your
buy/sell buttons

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today