Hooded youths tossed stones and police fired stun grenades Friday in front of the Greek Parliament as lawmakers faced tough new conditions they must meet before euro zone finance ministers will give them billions of desperately needed euros to bail out the debt-ridden country. Continue reading...
Well that's not really news. I'm sure every Greek knows that the only reason there's talk of "bailout" is because they're part of the EU/Eurozone. If they weren't, they would have defaulted long ago. And it's not that they're even worried about the default itself, most Greeks want to stay in the EU/Eurozone. The question is, how much are they willing to suffer for that privilege.
The insiders are selling heavily Still, on the theory that corporate insiders — officers, directors and largest shareholders — know more about their firms’ prospects than do the rest of us, it can’t be good news that they are selling at such a heavy pace. Consider a ratio calculated by Argus Research of the number of shares insiders have sold in the open market to the number that they have bought. Last week, according to the latest issue of Argus’ service, the Vickers Weekly Insider Report, this sell-to-buy ratio stood at 5.77-to-1. And among insiders at companies listed on the New York Stock Exchange, this ratio was even more lopsided at 8.2-to-1. Making these recent readings even more worrisome, according to Argus Research, is that they came on markedly stepped-up activity among corporate insiders. This increases our confidence that the ratio accurately reflects prevailing sentiment among a broad cross-section of the insiders. In fact, Vickers is so alarmed by recent insider trends that this week it is selling big chunks of its two model portfolios and putting the proceeds in cash. After the sales, its “Insider Model Portfolio” will be nearly 30% in cash and its “Risk Model Portfolio” will be more than 60% in cash. http://www.marketwatch.com/story/the-insiders-are-selling-heavily-2012-02-09?link=MW_story_popular id say not long...
It's unfortunate that some protesters are so keen on reducing protests to just another battle with police. After all, the police officers themselves are equally affected. It turns out, some police officers have their own ideas on how to deal with their frustrations: Greek police union wants to arrest EU/IMF officials
Oh my, government employee union on unionize government employees: http://www.guardian.co.uk/world/2012/feb/10/hose-belgian-firefighters-soak-police The financial and currency cataclysm is coming, no doubt about it. Wish the hell I had money right now, I'd be buying silver before it's too late.
