As per my previous post (Hunch), The Greek situation was saved, which is indeed something of a temporary measure, but the excuse has been given for the markets to rise higher still.
We did not come up on the DJIA to end this story around the 18,000, The story was always about DJIA 20,000 and I am pretty certain that we are on our way there. My hunch is the rate and speed with which we will approach that target will greatly increase beginning of next month, although we have done quiet well already and we have a good chance of hitting DJIA 20,000 by Christmas indeed ( The worst case scenario would be 19,000 DJIA) .
So The Greeks have had to accept being “slaves” which is something they voted against in their referendum. How long can they take this without blowing up again? Well, for a very long time indeed, incredible what we humans can get used to.
Having said the above, I feel the Greek situation will be used as an excuse and a catalyst to destroy the Euro and take us to a more centralized currency, consolidation of power and wealth is the name of the game and we have had Greece as the first sacrifice on the alter of this macro game plan of moving world’s wealth to an even smaller group of people. We will all be Greeks soon, mark my words.
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