I have written and spoken about when and how THE CRASH could happen since 2014.
My thinking is along the lines that the Euro will reach a stage that it will no longer exist precipitating a Euro crash, accompanied with a simultaneous banking crash and stock market crash.
Now, is this what is happening before our very eyes? It could indeed be.
Since I believe that all three events will happen more or less at the same time, then if Greece is not bailed out or goes bankrupt, it would be the catalyst for the rest to follow in my opinion.
To put it simply, the bull market will continue to DJIA 20,000 and S&P 2,200 before we consider a correction, if Greece is saved (for now at least). If it is not saved, we could be staring the biggest crash in history in the face.
Therefore, all eyes on Greece, not so much because there is nothing that can be done about it to save it, but because of the signal the powers that be are sending… the signal is our world is about to change dramatically… and not for the better, at least in the short term.
Having said all the above, I still feel the bull market will continue and indeed we will hit DJIA 20,000 before a downturn. It appears Greece will be saved for now.
What does one do in this situation?
If you do not have a position then perhaps stay out and tap your fingers, because if we are going to go down then we are going to go down something awful. On the upside we have the target of 20,000 DJIA which I feel we will make before any of that happens.
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All in my humble opinion and no investment advice intended.