Greek Elections - Global Financial Market Unrest

DriftingByTheStorm · June 2012

Like Whoa.

Got an email from a brokerage firm informing its clients that ALL accounts are having their margins raised THREE TIMES starting this past Friday (the 15th) and lasting at LEAST until Monday morning.

It cited concerns about potential "extreme volatility" in the global markets concerning the elections in Greece, and that anyone trading during this period should exercise extreme caution. They expect highly volatile markets throughout the evening hours today (Sunday) when markets open back up.

I've never (in my short life) heard of Brokerages raising margins for one-time events ... and by 3 fold at that.

So if you had a trading account that normally required you to maintain a balance of $5,000 to make a trade ... starting Friday, you would need $15,000 to play.

I guess they are REALLY trying to keep people from playing this event. Hmmm.

I'm still waiting to see what effect this election has on the price of precious metals. An "anti-EU" vote SHOULD send metals through the roof on volatility concerns, but somehow I suspect EVERYTHING will plummet. Baby & the bath water syndrome. We'll see.

dimitrispearljam · June 2012

in 15 min exip pols are out..our future is played here...all of us..lets see..

DriftingByTheStorm · June 2012

dimitrispearljam wrote:

in 15 min exip pols are out..our future is played here...all of us..lets see..

Keep us posted, and any thoughts you care to share, I'd personally love to hear them, Dimitris.

I'm VERY ignorant of Greek politics in general, but i do understand that the ramfications\implications of THIS election are relatively MASSIVE.

The globe on the whole is on the verge of a domino like scenario.
This could be the first domino.
:(

dimitrispearljam · June 2012

man..its frikkin mess here..exit-polls
the capitalist party..has 27,5%-30,5%(yes euro)
the left party has 27%-30% (kinda anti eu)

will be a fuckin long night..

deftones · June 2012

First exit polls give the right party (New Democracy) and the left party (Syriza) together in the first posotion with 27-30% each. It gonna be a long night. Tommorrow early in the morning i am travelling with my family for the euro tour...maybe we should stay there

DriftingByTheStorm · June 2012

dimitrispearljam wrote:

man..its frikkin mess here..exit-polls
the capitalist party..has 27,5%-30,5%(yes euro)
the left party has 27%-30% (kinda anti eu)

will be a fuckin long night..

That's
Capitalist Party 27.5%-30.5%
for us American fuckheads.
Damn commas!

Thanks Dimitris.
Plz continue with any updates as you see fit.

PS - and GEEZ, if it's gonna be an allnight thing, the markets are gonna be ALL OVER THE PLACE tonight.

dimitrispearljam · June 2012

deftones wrote:

First exit polls give the right party (New Democracy) and the left party (Syriza) together in the first posotion with 27-30% each. It gonna be a long night. Tommorrow early in the morning i am travelling with my family for the euro tour...maybe we should stay there

seems the best option..

dimitrispearljam · June 2012

DriftingByTheStorm wrote:

dimitrispearljam wrote:

man..its frikkin mess here..exit-polls
the capitalist party..has 27,5%-30,5%(yes euro)
the left party has 27%-30% (kinda anti eu)

will be a fuckin long night..

That's
Capitalist Party 27.5%-30.5%
for us American fuckheads.
Damn commas!

Thanks Dimitris.
Plz continue with any updates as you see fit.

thats why i wrote capitalist party..we say right party here..
ill update with the first official results..the exit polls isnt the real thing..lets see

dimitrispearljam · June 2012

CNN now shows the exit polls,live from Athens ,Greece

MJK1889 · June 2012

Ive visited Greece 10 times in total, both the mainland and the many islands. Its one of my most favourite places on earth. They are going through a horrible time right now but when I was in Athens 3 weeks ago, the people were just as welcoming and friendly and warm as I've always known them to be. The news and media coverage seems to be portraying the country as falling to pieces and close to collapse, but this isn't true, the majority of the people are dealing with the crisis very well in very bad conditions.
Personally I think that the best thing for Greece would be to leave the EU, the austerity measures being placed on them by Germany and others are a disgrace. If this happens then other countries might leave the EU as well, which in my opinion would be a good thing.

dimitrispearljam · June 2012

MJK1889 wrote:

Ive visited Greece 10 times in total, both the mainland and the many islands. Its one of my most favourite places on earth. They are going through a horrible time right now but when I was in Athens 3 weeks ago, the people were just as welcoming and friendly and warm as I've always known them to be. The news and media coverage seems to be portraying the country as falling to pieces and close to collapse, but this isn't true, the majority of the people are dealing with the crisis very well in very bad conditions.
Personally I think that the best thing for Greece would be to leave the EU, the austerity measures being placed on them by Germany and others are a disgrace. If this happens then other countries might leave the EU as well, which in my opinion would be a good thing.

the problem isnt to leave EU..is how this will happen..
cos if drachma goes down like 3-5 times down after that and the conversion is like that..then we are fucked..

deftones · June 2012

I think that Right party and all others ''euro-friendly'' partys will manage to have enough persons inside the parliament to be the government. There are so much money to be lost by the lenders of Greece that they will never let anything else happen here. It's no coinsidence that after the previous elections where the left party for the first time was the second one, everyone around the world was trying to convince Greeks that these are the evil ones. You should see our parents how terrified they are when listening to TV saying that is the end of the world if the left party wins.

deftones · June 2012

MJK1889 wrote:

Ive visited Greece 10 times in total, both the mainland and the many islands. Its one of my most favourite places on earth. They are going through a horrible time right now but when I was in Athens 3 weeks ago, the people were just as welcoming and friendly and warm as I've always known them to be. The news and media coverage seems to be portraying the country as falling to pieces and close to collapse, but this isn't true, the majority of the people are dealing with the crisis very well in very bad conditions.
Personally I think that the best thing for Greece would be to leave the EU, the austerity measures being placed on them by Germany and others are a disgrace. If this happens then other countries might leave the EU as well, which in my opinion would be a good thing.

I don't think they will never let us leave the EU. That's my opinion

dimitrispearljam · June 2012

deftones wrote:

I think that Right party and all others ''euro-friendly'' partys will manage to have enough persons inside the parliament to be the government. There are so much money to be lost by the lenders of Greece that they will never let anything else happen here. It's no coinsidence that after the previous elections where the left party for the first time was the second one, everyone around the world was trying to convince Greeks that these are the evil ones. You should see our parents how terrified they are when listening to TV saying that is the end of the world if the left party wins.

exactly......its a set up game...people have the power ,dont want and dont know to lose money..
i dont see end of the world,who ever wins..but i see fuckin difficult days to come..

dimitrispearljam · June 2012

btw..if this left party is "really left"..then im Brad pitt

deftones · June 2012

dimitrispearljam wrote:

deftones wrote:

I think that Right party and all others ''euro-friendly'' partys will manage to have enough persons inside the parliament to be the government. There are so much money to be lost by the lenders of Greece that they will never let anything else happen here. It's no coinsidence that after the previous elections where the left party for the first time was the second one, everyone around the world was trying to convince Greeks that these are the evil ones. You should see our parents how terrified they are when listening to TV saying that is the end of the world if the left party wins.

exactly......its a set up game...people have the power ,dont want and dont know to lose money..
i dont see end of the world,who ever wins..but i see fuckin difficult days to come..

There are difficult times coming cause every thing that they voted for like reducing the wages, taxes and more are becoming reality now. My job is accountant and all the people i know have to pay taxes maybe 3 times more than the previous year. And all that with less wage per month. We have to learn how to live with less. The party is over for Greeks but i aggree, this is not the end of the world.The problem is that i don't see any politician bastard in the jail (don't tell me about Akis, thay used him as a pre election ''victim'' and i think he's going out in aome months).That's all people say, ok i will pay more taxes but what about all them who caused this....

deftones · June 2012

dimitrispearljam wrote:

btw..if this left party is "really left"..then im Brad pitt

Hi Brad, my name is Angelina Jolie....

MJK1889 · June 2012

Are the KKE part of Syriza?

deftones · June 2012

MJK1889 wrote:

Are the KKE part of Syriza?

No KKE is the communist party, Syriza are several left wing smaller parties who became a left coalition. They hate eachother!

dimitrispearljam · June 2012

100% of exit pols

right party : 28,6% -30%
left party : 27.2% -28,4%

they are sure that right party is the winner....

dimitrispearljam · June 2012

deftones wrote:

dimitrispearljam wrote:

deftones wrote:

I think that Right party and all others ''euro-friendly'' partys will manage to have enough persons inside the parliament to be the government. There are so much money to be lost by the lenders of Greece that they will never let anything else happen here. It's no coinsidence that after the previous elections where the left party for the first time was the second one, everyone around the world was trying to convince Greeks that these are the evil ones. You should see our parents how terrified they are when listening to TV saying that is the end of the world if the left party wins.

exactly......its a set up game...people have the power ,dont want and dont know to lose money..
i dont see end of the world,who ever wins..but i see fuckin difficult days to come..

There are difficult times coming cause every thing that they voted for like reducing the wages, taxes and more are becoming reality now. My job is accountant and all the people i know have to pay taxes maybe 3 times more than the previous year. And all that with less wage per month. We have to learn how to live with less. The party is over for Greeks but i aggree, this is not the end of the world.The problem is that i don't see any politician bastard in the jail (don't tell me about Akis, thay used him as a pre election ''victim'' and i think he's going out in aome months).That's all people say, ok i will pay more taxes but what about all them who caused this....

i agree with you..its all logic..this is comon sense..i wish more Greeks think this way..
as for 3 times taxis..with less wage per month...its fuckin true...

Greek Elections - Global Financial Market Unrest

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