Grexit and the markets?

Jsscmm

Isn't the ECB buying up EU bonds at 60bn a month or so? I see the buys for July likely to be very near the start of the month, which may help a little.

Aside from that, is my next sipp regular purchase is only 12 or so days away, will this have bottomed out by then... Choices choices.

Of course trying to time markets is good, but I am reasonably confident that shares will generally be a little cheaper on Monday at opening than last Friday. No idea about Tuesday or further though!

Archi_Bald

Brilliant read: http://thereformedbroker.com/2015/06/28/some-stuff-you-should-know-about-greece-before-you-lose-your-s/

Kendall80

tg99 wrote: »

Sunday markets on IG currently indicating falls since Friday's close of approx 2.5% ftse, 1.7% Dow , 4% dax

Anyone's guess as to how this week goes I think. Grexit may yet be avoided if Greeks vote Yes on Sunday and capital controls / banks hols prevent banks going bust before then. If markets start going after other peripheral European countries then things could get even more interesting albeit would expect a big ECB response in that scenario to cap bond spreads etc.

2.9% FTSE now.


This could be 'it'!


Superb buying opportunities coming up?

IronWolf

You wont be able to sell your Greek shares any time soon, markets will be closed this week, just had word from my broker.

Kendall80

IronWolf wrote: »

You wont be able to sell your Greek shares any time soon, markets will be closed this week, just had word from my broker.

I just put a demo bet on IG for Japan 225 to go down with no limit set. Made £800.


Bad news for my ISA funds though.

Aretnap

ColdIron wrote: »

I think Osborne stopped this in 2014 in his ISA shake up

Thanks. After I typed that I thought that it didn't make a great deal of sense any more now that you can freely transfer between cash and S&S ISAs, but hadn't realised it had actually been changed.

In any event as Bowlhead says the difference between 0.05% net and 0.05% gross is fairly academic.

TonyMMM

FTSE down about 2% first thing this morning, but creeping back up slowly now - time to keep an eye on things for a definite buying opportunity.

garybarlowsbeard

Thinking of topping up my FTSE tracker today. As a long term investment this could be a good move right? I know it could yet go down further but there is no definite, obvious reason NOT to now is there?

tg99

Greece ETF (GREK) "only" down 15% today......was thinking it was going to be quite a bit more than that given risk of banks going bust, devaluation of c50% if adopt the drachma etc

bowlhead99

tg99 wrote: »

Greece ETF (GREK) "only" down 15% today......was thinking it was going to be quite a bit more than that given risk of banks going bust, devaluation of c50% if adopt the drachma etc

It was trading a little over $12 for some of Friday and now less than 10, so closer to 20% really. But obviously the underlying index of shares on which it's based is closed today, so its price is pure speculation. It has over half its value in about five stocks - and none of them are tradeable on the Greece exchange this week and the banks amongst that list of stocks don't even have their doors open for business.

GREK's "rival" Athex tracker, GRE from Lyxor, listed in Europe, wasn't trading today. A suspension is perhaps a neater way to handle it when there's no market liquidity and the ETF can move to large (theoretical) discounts or premiums to underlying assets based on sentiment from hour to hour.