Stocks rally on hopes for Greece

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posted on Sep, 14 2011 @ 02:18 PM
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Once Again, no surpise there, the stocks rally on false hopes for greece.

source



NEW YORK (CNNMoney) -- A stock rally gained momentum Wednesday afternoon, after key European leaders calmed jittery investors by insisting that Greece would remain a eurozone member and would achieve its fiscal targets.






Following a telephone conference call with Greek Prime Minister George Papandreou, French President Nicolas Sarkozy and German Chancellor Angela Merkel, a statement from Merkel's office stressed that the future of Greece is in the eurozone. And Papandreou reaffirmed his debt-ridden country's committment to take the necessary steps to meet Greece's fiscal goals.


Sure so a telephone conference call with Greek Prime Minister George Papandreou, French President Nicolas Sarkozy and German Chancellor Angela Merkel, a statement from Merkel's office stressed that the future of Greece is in the eurozone


I think i heard this one before.




posted on Sep, 14 2011 @ 02:26 PM
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Better EU leaders call up personally to EACH Greek and ask them for that assurance. Their answer will be how the casino stock market will react honestly. It IS the sovereign people that will bear the debt bondage, not the greek flunky pm who will probably be in Switzerland enjoying his millions safely hoarded away ages ago.



posted on Sep, 14 2011 @ 02:29 PM
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reply to post by SeekerofTruth101
 


Greeks cant afford another austerity, i have seen some photos of greeks from a freind of mine in greece, sorry to say this but boy they sure have lost weight, its so bad, some people dont have money to buy food





Greece: French, German express support in debt crisis





posted on Sep, 14 2011 @ 02:36 PM
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whenever a bank, company or nation makes an effort to announce that everything is hunky dory, the opposite is bound to happen.

Lehman and Bear Sterns both made announcements that they were not short on cash and, within weeks the truth came out.



posted on Sep, 14 2011 @ 02:46 PM
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reply to post by Agent_USA_Supporter
 


lol yeah i know what you mean. greece needs to get out of the eu, for it's own good. the only thing it will get from being in the eurozone is more debt. and it won't only be the greeks, but everyone else in the eurozone getting into deeper debt as well



posted on Sep, 14 2011 @ 02:58 PM
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i beg to differ... it was not any stuff about or from Greece that caused the stock market surge ...


the surge today was a direct result of the blatent falsehoods the Sec of Treas. Mr. Tim Geithner
spewed in the interview with 'Kramer' of CNBC...

'TG' stressed that there would no "Leahman' types of game changing collapses in the EU territory...
[of course he was cheer-leading & grand-standing pure BS... in large part to quell the volitile markets of the past week(s)


I liked when at the last minute of the interview... that Geithner was alluding to the 'Magical thoughts' that the
Øbama & the EU were engaging in... but he cut of that train of thought by stating to Kramer---
I don't wish to disclose that right at this time' (or something to that effect)-
(heck that was@ 8:40AM so i forgot the exact words)
~ of course Geithner is going to Europe on this Friday (15 Sept '11) for the EU bank conference/Summit...
he might just be thinking ahead of the present time with those earlier remarks., as he might be bringing the administrations' actions to the table, which he thinks are stupid------ who knows?..~


but the cat's outta the bag... there's something that just does not jell with the self declared 'fiscal Hawk' that's Tim Geithner....in the works about the EU setteling down the monies owed to the ECB in the form of 'debt paymentys'


it should take the MSM & the mass media a day or so to come to this realization, and investigate...
but for now we have seen a +200 point gain in the DOW on the frenzied knowledge of what Geithner barfed out this morning... a whole bunch of nonsence that NObody will default, that the Euro & the EU will come out stronger

---- yeah that my group of followers !
edit on 14-9-2011 by St Udio because: (no reason given)



posted on Sep, 14 2011 @ 03:21 PM
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Theres only 2 options

a) They know the default will occur and they are all preparing for it while flat out lying to all and sundry.
b) Insane arrogance that they can pull greece back past the economic event horizon by PR alone.

Option A is annoying but at least sane.

Option B will result in default when Greece becomes ungovernable and the government is toppled, blood in the streets, the whole 9 yards.

For my part I really fear they are arrogant enough and dumb enough for option B.



posted on Sep, 14 2011 @ 04:52 PM
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Originally posted by justwokeup
Theres only 2 options

a) They know the default will occur and they are all preparing for it while flat out lying to all and sundry.
b) Insane arrogance that they can pull greece back past the economic event horizon by PR alone.

Option A is annoying but at least sane.

Option B will result in default when Greece becomes ungovernable and the government is toppled, blood in the streets, the whole 9 yards.

For my part I really fear they are arrogant enough and dumb enough for option B.


It would seem we are not getting a full disclosure of the situation. I too feel they will go with B. I hope not. I also don't have the answer for the world's limping economies. I wish I did.





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