Replies to post #140523 on SPDR S&P 500 (SPY)

[risk on]

Wow, I really and truly feel bad for the Greek layman, because it's got to be a situation that's very stressful. HOWEVER, the people are he reason they are in This predicament, they elected for unsustainable lifestyles and pensions, they elected anti austerity candidates and wantEd to test the minerals of the EC and IMF. Well, here we are.

Schauble said it best, today after the meeting:

"Her finance minister, Wolfgang Schäuble, was less subtle, saying in a separate news conference, “No one country in a currency union can endlessly spend money at the cost of the others.”

[risk on]

"#EU official: The institutions will withdraw their proposals, discuss on capital controls ~DJ #Greece

Unconfirmed, but it sounds like PLAN B already in motion, and capital controls are whats needed immediately, see tweets below from Athens in just now:

"BREAKING - GREEK ALPHA BANK STOPS ONLINE-BANKING OPERATIONS, BILD SAYS"


"Unbelievably long lineups in almost every single ATM in Athens #referendum"