June 18, 2012

Nifty Update - 18th June 2012


If Greece decided to stick with Euro Zone look for 5171 as the first resistance. Else, god save the people holding speculative and leverages buy positions.

Today will be one of the biggest decisions of history will be made with either Greece sticking to the Euro Zone or leaving it. If they decide to remain with Euro it will be big boost for the world financial market. But the bigger question is will the Euro zone able to bail out all the struggling economies like Spain, Italy, Neatherland and other. How will they be able to garner such kind of resources to finance the bailout? Why USD is valued so high when they are running one of the biggest current account deficit, unsustainable levels of debt? Why the world economies are eager to supply goods for free to US when they know ultimately some one has to pay the bill and US cannot just keep on printing $'s to push their own economy leading to doom to the economies world over.

Probably I am not the best person to answer this and RTI Act 2005 does not empower me to get such answers. :)

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