{"id":35583,"date":"2012-10-09T15:39:00","date_gmt":"2012-10-09T15:39:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/greece-its-time-to-go\/35583\/"},"modified":"2012-10-09T15:39:00","modified_gmt":"2012-10-09T15:39:00","slug":"greece-its-time-to-go","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/greece-its-time-to-go\/35583\/","title":{"rendered":"Greece: It\u2019s Time to Go"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<h2>Greece: It\u2019s Time to Go<\/h2>\n<p>The lost decade. You never realize you\u2019re lost until hours into a trip when you find out you have no clue where you are. In Greece\u2019s case, that took years. The good times were rolling and the markets were booming.<\/p>\n<p>Then came the burst of the bubble. What looked like endless prosperity turned quickly into a nightmarish hell of austerity, tax increases, and rampant-unemployment. With the moral hazard already breached by Lehman, the EU tried to prop the country up with bailout after bailout. Restrictions and targets were imposed then promptly ignored.<\/p>\n<p>Investors soon realized the free market has no place when politics run amok. The bond vigilantes came out in force to make Greek debt unsustainable without a constant ECB backstop.<\/p>\n<p>Now, after years of trying, the end of a Greek era should be close at hand. The constant bailouts, the barrage of opposition, the missed targets; failure has thwarted the country\u2019s every effort to pull themselves out of the hole they are so deeply in.<\/p>\n<p>Today German Chancellor Angela Merkel met with Greek Prime minister Antonis Samaras to discuss the Greek crisis. It is obvious that the harsh austerity measures are not yielding the results that Merkel believed they would, but her visit to Athens confirms one thing; that regardless of the countries inadequacies, she does see a Greek future in the EU.<\/p>\n<p>Merkel made sure to add tension to her \u201crelief\u201d statement by stressing that Greece still needs to push through key cost-cutting reforms in order to be compliant with previous German terms.<\/p>\n<p>From the outside, this looks like the Greek story has entered syndication. Greece still can\u2019t get their act together; Germany comes in slaps them on the hand like a child and offers a threat to make them think about what they did. Does anything REALLY change though? No\u2026<\/p>\n<p>Greece is already requesting a two-year extension on their fiscal targets.\u00a0 Is this evidence that the country is likely to continue within the same cyclical trend they have been in for the last decade?<\/p>\n<p>If we were following \u201cFree market\u201d principals, which we are not, it would dictate that Greece is not viable and that the EU should cut their losses quickly and begin focusing on the other looming threats within the EU<\/p>\n<p>Much of Southern Europe is in a deep recession, and Greece is an unnecessary distraction.<\/p>\n<p><strong>FOREX Insights<\/strong><\/p>\n<p>The market has already started to react to the news flowing out of Europe. The <a href=\"https:\/\/thestockmarketwatch.com\/forex\/pair.aspx%3Fpair=EURUSD\">EUR.USD<\/a> is 0.70 percent off of the days high and short-term the outlook is that we will see a continued decline.<\/p>\n<p>The pair just completed its \u201cB\u201d wave move retracing 76.4 percent of the previous downtrend and is zipping through wave \u201cC\u201d now. The Expectation for a \u201cC\u201d wave is that it will extend 61.8 percent past the end of wave \u201cA\u201d at a minimum. But most frequently we see equality between waves \u201cA\u201d and \u201cC\u201d, thus our expectation is that wave \u201cC\u201d will find its bottom at or around $1.2705.<\/p>\n<p><strong>Indicators On Watch<\/strong><\/p>\n<p>&#8211; EUR German Consumer Price Index (Thursday)<\/p>\n<p>&#8211; EUR ECB Publishes Oct. Monthly Report (Thursday)<\/p>\n<p><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/plugins\/RSSPoster_PRO\/cache\/40586_Screen%2520Shot%25202012-10-09%2520at%252012.22.29%2520PM.gif\" alt=\"Screen Shot 2012-10-09 at 12.22.29 PM\" align=\"none\" border=\"0\" hspace=\"0\" vspace=\"0\"><\/a><\/p>\n<p>\u00a0<\/p>\n<p>Your <a href=\"http:\/\/www.knowfinance.com\/currency\/\" target=\"_blank\" rel=\"noopener\">currency<\/a> analyst,<\/p>\n<p>Justin Burkhardt<\/p>\n<p>http:\/\/www.fxfocus.com\/<\/p>\n<p><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/plugins\/RSSPoster_PRO\/cache\/af82a_Screen%2520Shot%25202012-08-17%2520at%25201.25.23%2520PM.gif\" alt=\"Screen Shot 2012-08-17 at 1.25.23 PM\" align=\"none\" border=\"0\" hspace=\"0\" vspace=\"0\"><\/a><\/p>\n<p><strong>Disclaimer: <\/strong>I have no positions in any stocks mentioned, but may initiate a (long or short) position in the EUR.USD over the next 72 hours.<\/p>\n<div class=\"nr_clear\"><\/div>\n<div id=\"nrelate_popular_2\" class=\"nrelate nrelate_popular nrelate_default nr_1col nr_text\"><\/div>\n<p>\t<!--[if IE 6]>\n\t\t<script type=\"text\/javascript\">jQuery('.nrelate_default').removeClass('nrelate_default');<\/script>\n\t<![endif]--><\/p>\n<p>\t<script type=\"text\/javascript\">\n\t\/* <![CDATA[ *\/\n\t\tnRelate.domain = \"www2.thestockmarketwatch.com%2Fstock-market-news\";\n\t\tvar entity_decoded_nr_mp_url = jQuery('<span\/>').html(\"https:\/\/web.archive.org\/web\/20121014152245\/http:\/\/api.nrelate.com\/mpw_wp\/0.51.2\/?tag=nrelate_popular&domain=www2.thestockmarketwatch.com%2Fstock-market-news&url=http%3A%2F%2Fwww2.thestockmarketwatch.com%2Fstock-market-news%2Fgreece-its-time-to-go%2F35583&nr_div_number=2&maxageposts=7200&increment=1\").text();\n\t\tnRelate.getNrelatePosts(entity_decoded_nr_mp_url);\n\t\/* ]]&gt; *\/\n\t<\/script>\n\n\n<div class=\"nr_clear\"><\/div>\n\n\n\n\n<!-- AddThis Button BEGIN -->\n\n\n<div class=\"addthis_toolbox addthis_default_style addthis_32x32_style\">\n<a class=\"addthis_button_preferred_1\"><\/a>\n<a class=\"addthis_button_preferred_2\"><\/a>\n<a class=\"addthis_button_preferred_3\"><\/a>\n<a class=\"addthis_button_preferred_4\"><\/a>\n<a class=\"addthis_button_compact\"><\/a>\n<a class=\"addthis_counter addthis_bubble_style\"><\/a>\n<\/div>\n\n\n<script type=\"text\/javascript\">var addthis_config = {\"data_track_addressbar\":true};<\/script>\n<script type=\"text\/javascript\" src=\"http:\/\/s7.addthis.com\/js\/250\/addthis_widget.js#pubid=pennystocksfinder\"><\/script>\n<!-- AddThis Button END -->\n\n\n\n\n<p>More Posts by this author<\/p>\n\n\n\n<ul>\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/casino-royale-gambling-or-trading\/35824\">\nCasino Royale: Gambling or Trading?<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/greece-its-time-to-go\/35583\">\nGreece: It\u2019s Time to Go<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/eur-funding-spains-black-hole\/35148\">\nEUR: Funding Spain\u2019s Black Hole<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/forex-time-frames\/34854\">\nForex Time Frames<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/bears-make-their-move-on-eurusd\/34637\">\nBears Make Their Move on EURUSD<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/the-feds-drugs-wont-work-anymore\/34244\">\nThe Fed\u2019s Drugs Won\u2019t Work Anymore<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/u-s-markets-hang-in-the-balance\/34020\">\nU.S. Markets Hang in the Balance<\/a><\/li>\n\n\n\n<\/ul>\n\n\n\n\n\n\n<hr>\n\n\n\n\n\n<table style=\"border:none;margin:0;\">\n\n\n<tr>\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/web.archive.org\/web\/20121014152245im_\/http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/userphoto\/31.png\" alt=\"Justin Burkhardt (FXFocus.com)\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n\n\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n\n\n<div style=\"font-size:11pt;\"><b>Post Written By: Justin Burkhardt <\/b><\/div>\n\n\n\n\n<div style=\"font-size:10pt;\">\n\nAs an active currency trader, my goal is to educate new and experienced traders alike to take advantage of the inherent volatility that exists in the Forex market.\n\nMy Objective? Winning trades. I implement strategies and tactics that help me to identify high probability trade set-ups.  Approaching each trade with insight into the driving forces behind the market, I keep profit targets conservative. Long-term viability and volatility do not go hand-in-hand in this market. I strive to maximize reward while minimizing loss.\n\nhttp:\/\/www.fxfocus.com\n<\/div>\n\n\n<\/td>\n\n<\/tr>\n\n<\/table>\n\n\n\n\n\n\n<script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\/\/-->\n<\/script>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script>\n\n\t\t\t\t\t\t\n\n\t\n\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Greece: It\u2019s Time to Go The lost decade. You never realize you\u2019re lost until hours into a trip when you [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[3],"tags":[],"class_list":["post-35583","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/35583","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=35583"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/35583\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50312"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=35583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=35583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=35583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}