The Lemon Fool

The chart of the Greek general share index is a bears delight:

https://twitter.com/0_ody/status/830379883767422976

While many equity markets have been running strongly over recent years, the Greek experience has been miserable. Has it now been so bad with all hope lost that it will eventually rally?

The rise of Euro break up forces will probably create a response by the Euro politicians to shore up the Euro and to show how membership has its rewards.

Is this likely to benefit Greece?

Regards,

odysseus2000 wrote:The chart of the Greek general share index is a bears delight:

https://twitter.com/0_ody/status/830379883767422976

While many equity markets have been running strongly over recent years, the Greek experience has been miserable. Has it now been so bad with all hope lost that it will eventually rally?

The rise of Euro break up forces will probably create a response by the Euro politicians to shore up the Euro and to show how membership has its rewards.

Is this likely to benefit Greece?

Regards,

It's a dangerous game making investment decisions based on predictions of what politicians decide.

I'm sure Greece will be bailed out but there will probably be a lot of down to go with whatever benefit there is over the next few days/weeks

ap8889
The 10 year chart of the Cyprus Stock Exchange is a doozy: 99% down?

That certainly shows the benefits of being associated with the Euro!

At one time, as I recall the crisis in Cypryus, there was a lot of Russian money there, but it fled and then bank accounts were subject the EU guarantee only after being threatened with out even that.

Meanwhile many of the Austrian School folk still feel that the UK banks should have been allowed to fail in 2008, nothing like hard medicine to build strength. But it seems to be taking Cyprus and Greece a long long time to recover from their dose of hard austerity, sort of making me wonder if the threat to the Euro zone is now enough to make Merkel et al keen to improve the lot of the Greeks. The counter argument is that things should be made even harder for the Greeks to show just how well the centre looks after its self whereas a Le Pen et al victories could send France etc down the road that is Greece.

Regards,

odysseus2000 wrote:

ap8889
The 10 year chart of the Cyprus Stock Exchange is a doozy: 99% down?

That certainly shows the benefits of being associated with the Euro!

Not very different from a chart of our very own RBS!

I suspect that over-concentration of the stock exchange in dodgy banks has got more to do with it than the Euro.

Very good point re rbs which looks very similar as you note:

https://twitter.com/0_ody/status/830586596567216128

Concentration in the financial services, or perhaps one could add in the wrong countries has been a bad move. Many US banks are well above where they where 10 years ago, outfits like GS, JPM, WFC while other such as BAC, C are still a long way from 10 year ago highs, but BAC's trajectory looks better and increased rates if they come will help them and C.

Perhaps in the slowly recovering laggards of the US financial sector there is hope for Greece, Cyprus and RBS?

Regards,

The Greek etf Grek has not been a barn burner since I mentioned it, on the 11-Feb, but it has advanced:

https://mobile.twitter.com/0_ody/status ... 1107196929

RBS, you contrast is flat to down.

Regards,

Greek equities no longer a bears delight:

https://pbs.twimg.com/media/C_Xuev_XUAAAjs7.jpg:large

A very nice move up from the opening post in this thread. As can be seen from the 10 year chart in the opening post, Greece used to be somebody, suggesting there is potentially a lot more upside, but of course nothing is certain.

Regards,

"Many US banks are well above where they where 10 years ago": so I should hope. It would be terrible if all the bribes paid to politicians gave the shareholders no return.

"Many US banks are well above where they where 10 years ago": so I should hope. It would be terrible if all the bribes paid to politicians gave the shareholders no return.

Seems Bank of America & uk RBS, didn't pay enough to the politicians as both are still well down on 10 years ago.

Regards,