The problem with thinking "the Hang Seng rose yesterday, so.." is that the Chinese government has completely restricted many large shareholders from being able to sell their stock. So we really have no clue what the state of the Hang Seng is until China lets their investors do as they please again. They keep shutting the market down too much.
PLUS, Greek banks are closed until Sunday. If Greece leaves the Eurozone on Sunday night, they have a run on the banks, and all Chinese investors are allowed to trade again, we could be up ____ creek without a paddle. I'll wait the extra few days to step back in or not.
Oil hinges on this news. If oil tanks to $30, as Jim Cramer worries it could, then we're in for a nasty couple of months.
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