Monday, July 6, 2015

Greeks vote NO, sky not falling

Bourse numbers around the world were down a tad today, but not by much.

The Dow Jones was down a quarter of a percent.

Standard and Poors down .4%. Toronto down .6%.

In Europe the Footsie was down almost point eight, while the main German exchange, where you'd expect the major fallout from a Greek NO, was down a mere point and a half.

That's the major stock exchanges of the world telling you that whatever happens in Greece doesn't really matter.

That's a good thing!

What that tells me is that the markets and the people who make them are way smarter than the folks who have been hyperventilating up and down the main-stream media about how a NO vote is going to send the world economy down the shitter.

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