What do you think would be the "perfect caption" for this photograph of Mario Draghi and Angela Merkel?
Here's my caption:
"But Mario, why won't you dance with me!!"
Leave a comment with your caption. Enter as many captions as you wish and have fun!
For a good chuckle, be sure to read some of the captions from previous Fill In The Caption pictures.
Greece has once again "kicked the can down the road," but they may not be out of the woods yet according to the European Commission, European Central Bank and IMF, who have all warned Greece that action speaks louder than words.
That brings me to the point of today's blog posting, and that is action speaks louder than words. In our case, it is market action that speaks louder than Fed Chairwoman, Janet Yellen, or any other verbiage that comes out of a politician's mouth.
With that thought in mind, I'm going to take a look at the market action for all the major markets today, with a special look at gold (FOREX:XAUUSDO). I'll give you three reasons why you should be watching this market.
It would appear at the moment that many of the world’s disruptive events like Ukraine, Greece and the Middle East are all in a temporary recessionary mode at the moment. That leaves the markets themselves to determine their trends. Market action will always point the way to the next big moves as opposed to words and promises from world leaders.
Every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub
It's hard for me to believe that the newly installed Greek government is now calling for Germany to make reparations of some $250 billion because of what the Nazis did 75 years ago to Greece. Such is the world we live in.
Make no mistake about it, Greece is the Achilles' heel of the euro and just this morning Alan Greenspan, former head of the U.S. Fed, came out and indicated that it was just a matter of time before Greece exits the euro. I couldn't agree more with him, Greece is just an accident waiting to happen.
Unlike the United States, which is one nation with one currency and laws, the euro has been cobbled together with a number of countries that have nothing in common with each other. They don't speak the language, they don't have the same customs and traditions, and they certainly don't share the same discipline for work. Continue reading "Greece, Nazis And 3 Strong Sectors"
Let's start off with Under Armour Inc. (NYSE:UA). This company, located in Baltimore, is making some serious moves into the social media heath-fitness app market. Kevin Plank, who is the founder and chairman, just paid $560 million, an astronomical amount of money or so it would seem for two fitness apps.
MyFitnessPal has more than 80 million registered users and UA has called it "the leading free resource" for providing calorie-and-workout-related data. UA is paying $475 million to acquire the service.
UA will pay $85 million for Endomondo, a fitness tracking platform that lets users map, record and share workouts through social networks. It has 20 million registered users in Europe. Continue reading "Under Armour, Greece And The End Of An Era"
The big news of this past week has to be the Swiss National Bank (SNB) parting ways with the euro. Make no mistake about it, this was a game changer and the ramifications of SNB's actions will be felt for a long time to come.
The next big game changer will be Greece exiting out of the Euro and going back to its old currency the Greek drachma. It may not happen next week, or next month, but it will happen.
On to the markets - it has been quite a week for the indices, with the DOW, S&P 500 and NASDAQ all down over 2%. The strong downtrend in crude oil was unabated, with crude closing down the week with a loss of 3%. The only two positives of the week, are the dollar index, which closed the week with a gain of 0.7% and gold which climbed to its best levels in over four months with a gain of 3.16% for the week. Continue reading "The Next Bombshell To Hit The Markets ... Greece"
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