Trillion-Dollar Stock Managers See Chaos on Greek ‘No’ Vote

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Trillion-Dollar Stock Managers See Chaos on Greek ‘No’ Vote

Postby st louis steve on Sun Jul 05, 2015 5:10 pm

It shouldn’t have gotten this far.

That’s the view of equity managers overseeing more than $3.7 trillion, who say the game of chicken between Greek Prime Minister Alexis Tsipras and creditors threatens lasting damage to a European stock rally that earlier in 2015 added as much as $2.17 trillion to share prices.

“The market right now hasn’t priced in a potential ‘no’ vote,” said David Joy, the Boston-based chief market strategist at Ameriprise Financial Inc., which oversees $815 billion. “If we get one, we’re going to see another round of downside volatility in excess of what we saw on Monday. The move would be more violent.”
http://www.bloomberg.com/news/articles/ ... -greek-no-
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Re: Trillion-Dollar Stock Managers See Chaos on Greek ‘No’ Vote

Postby mrgravyard49 on Wed Jul 08, 2015 12:13 am

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