JUST LETTING YOU KNOW As you know, during my vacation, I went Italy, France and Greece. When I was in Greece. I spoke to about 15 people there and I let them know that I have a national radio show we talk about the economy, the markets, government, politics, taxes and the like. I [...]
Archive for the 'Greece' Category
07/09/2012: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST
GREECE ANYONE?
Terry List, a teacher in Saginaw Township, Mich., has a depressing lesson for her students: “I would not recommend to my pupils to become a teacher in Michigan.” What’s discouraging her? A proposed pension-reform bill in Michigan would derail her plans to retire — at age 47. After these rapacious reforms, List would have to work [...]
NOT EVERYONE BELIEVES GREECE IS SAVED!
Fitch ratings agency on Wednesday slashed its rating for Greek sovereign debt to “C” from CCC,” indicating that default is “highly likely in the near term.” The downgrade comes just after the country secured a second bailout from its creditors and the subsequent announcement by the Greek government that private investors holding Greek debt would [...]
02/21/2012: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST
JUST LETTING YOU KNOW… Greece I have taken pains over the past couple of weeks to hardly even talk about Greece anymore. The markets stopped worrying about Greece and Europe. In fact, European markets stopped worrying about Greece and Europe, weeks and weeks ago. You need to know that because there are still plenty of [...]
02/14/2012: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST
JUST LETTING YOU KNOW… The Dow was down 85 points late the afternoon. The Dow was down almost all day. It reached its low of the day at 3:30p ET. The Dow finished up 4 points on the day. It when from 12790 to12880 by the close…90 points. To be clear, the market was down [...]
01/30/2012: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST
JUST LETTING YOU KNOW… In case you don’t…on Friday I said it was actually a good day in the market when the Dow was down 74. Well the Dow was down again today and it was still a very good day. Not as good a Friday, but I’ll explain why it was a good day. [...]
01/13/2012: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST
JUST LETTING YOU KNOW… Monday, on Martin Luther King’s Day, you can see me on Neil Cavuto’s show at 6:00 PM ET on Fox Business Network. Anyway, we walked into today and the market was quiet. Starting at the market open, we were down some. And then we were down a lot. All the news [...]
ANOTHER GOOD LOW?
This past Tuesday, while major indices were breaking down out of a very bearish pattern, I wrote to you that I thought we were in for an imminent bounce. I thought that bearish sentiment was hitting a peak while many were finally calling for a bear market. You also need to know that at recent lows, [...]
IS GREECE THAT IMPORTANT?
The “another life preserver for Greece” has markets feeling it. The EURO is strong which means the DOLLAR is smoked. This has markets juiced as the weak dollar/strong markets correlation continues. Overall, major indices remain in the same multi-month trading range I have been talking about but now, technically, the major averages have a chance [...]
STILL NO POSITIVES
Before comments on the market, a few notes: Who are they trying to kid? GREECE will eventually default. Anything the rescuers are doing just puts off the inevitable. Forget opinion. Look at the numbers. As I have read and confirmed, at the end of 2010, the ECB’s equity capital was 10.8 billion Euros. Compare this number to the [...]
