Wednesday, June 29, 2011

Greece Bailout

Greece is now set to receive a new tranche of bailout funds. More money being passed to a broke country in order to stave off default... Stocks have been lifting on the news.

Of course, other PIIGS (Portugal, Ireland, Italy, Greece, Spain) should soon be observed approaching the EU with hat in hand.


I'm adding to my short position around these levels as indexes approach resistance.

position in SPX

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.