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The Wall Street Greek blog is the sexy & syndicated financial securities markets publication of former Senior Equity Analyst Markos N. Kaminis. Our stock market blog reaches reputable publishers & private networks and is an unbiased, independent Wall Street research resource on the economy, stocks, gold & currency, energy & oil, real estate and more. Wall Street & Greece should be as honest, dependable and passionate as The Greek.


Seeking Alpha

Tuesday, June 09, 2015

Chaos Theory in Today’s Market

A series of events late last week seem to have reintroduced a chaotic perspective for June. I expect the developments will shortly reignite fear if not introduce terror. The two chaotic catalysts are not new to us, but fear of a fast Fed rate hike and a Greek departure from the eurozone are scarier than ever. Investors who may have been worried about the virility of the U.S. economy received a different message Friday. It was the sort of message that might not mix well with recent signs of inflation. We got a very hot jobs figure to allay our concerns about a slowdown; but in return we now have a building sense of fear of a June Fed rate hike. Adding fuel to the flames, just when you all thought Greece and its supposed allies were coming to accord, the situation unraveled. The Greeks have smartly delayed their IMF payment due last week and brazenly rejected the seemingly best offer of their eurozone masters. Meanwhile, Greece is again courting an unholy alliance with Russia to show the west it has other options besides decades of depression and discord. So now we have two very worrisome issues to trouble us for most of this month, with each due to come to a head in the coming weeks. Fear has been reignited dear friends – so take heed. See my market report here. Article interests SPDR Dow (NYSE: DIA), PowerShares QQQ (Nasdaq: QQQ), SPDR S&P 500 (NYSE: SPY), Vanguard Total Market (NYSE: VGK), iShares MSCI Germany (NYSE: EWG), Global X FTSE Greece 20 (NYSE: GREK), iPath S&P 500 VIX (NYSE: VXX).

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