Friday, July 3, 2015

Towards the Lehman Moment

The Lehman bankruptcy was mid-September 2008. By the time the second (successful) TARP bailout vote was reached, Oct. 3rd, it was too late. The damage had been done. RISK OFF liquidation commenced.

CNBC July 3, 2015
"In a nutshell, both the 'yes' and 'no' vote seem to bear significant risks for global markets. A 'yes' vote risks seeing Greece plunge into fresh political chaos... and means the country must go back to the negotiation table and try to knock something together again...However, it's a lot worse on the other side as a 'no' vote will present a host of uncertainties that could really rattle markets. "

German DAX (Red) with German Bund Yields (black)

Bull : Bear Asset Allocation

S&P w/average stock (red)

Global Dow w/Global GDP growth (red)

Oil stocks and Emerging Markets

NYSE New Highs:

Cirque Du Greece is merely one spark in a house full of dynamite