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Euro 3.8B buys all the Athens companies shares traded in the ASE

Athens stock exchange

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#1 tria

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Posted 11 February 2016 - 06:11 AM

Fire sale in the Athens stock exchange.

Minus another 5% today.

 

Took some profits on a high leveraged Gold futures position some time ago just to be prepared for any drachma outcome by this May or Summer.

 

Γειά σου SYRIZA and Tsipras.


Edited by tria, 11 February 2016 - 06:14 AM.

In the world of 0 and 1: "austerity" is the right thing to SAY; "spent more, print more" is the right thing to DO.

"You miss 100% of the shots you don't take."
~ Wayne Gretzky


#2 CHAx

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Posted 11 February 2016 - 09:07 AM

Be safe friend.  That bear market has real legs, don't do any knife catching for more than a day or two (and limit size).

 

 Clearly, many of those banks need to be recapitalized and they will not hesitate to wipe out equity holders.  I think the Cyprus bail-ins were the test run for Greece and the rest of the Euro area.  So even bank deposits are risky IMHO.