Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
The deal with Iran is nothing. No change. Iran is going to do what Iran wants.
Greece, they want to be bailed out but on their terms only. They make Germany out to be overbearing because If Germany lends them money, they want conditions. Greece's habits that put them in this predicament are hard to break. Unfortunately for them, they will have to change or wither away.
All pretty predictable. Did anyone really think we'd walk away from the talks without some kind of agreement after going right down to the wire (plus agreeing to a couple time extensions)?
No knowledge of the agreement or opinion whether it's good or bad. Of dubious importance from an investing point of view. Stock market reacted with a big yawn - probably the correct reaction. Should prospects of passage in the Senate improve in the weeks ahead ... that's probably positive for the markets - overvalued though they are. Media was all over the 3% slide in crude. Seem to have forgotten about yesterday's near 5% rise.
Comments
Greece, they want to be bailed out but on their terms only. They make Germany out to be overbearing because If Germany lends them money, they want conditions. Greece's habits that put them in this predicament are hard to break. Unfortunately for them, they will have to change or wither away.
No knowledge of the agreement or opinion whether it's good or bad. Of dubious importance from an investing point of view. Stock market reacted with a big yawn - probably the correct reaction. Should prospects of passage in the Senate improve in the weeks ahead ... that's probably positive for the markets - overvalued though they are. Media was all over the 3% slide in crude. Seem to have forgotten about yesterday's near 5% rise.
Not sure what Ted sees in Art Cashin.