DAX is Unequivocally in a Major Bear Market

DAX is Unequivocally in a Major Bear Market

The chart below plots the DAX against off its Apr-15 high vs. the paths it took off its two other most recent and major structural highs, those being the Mar-00 and Oct-07 peaks that led to 65% and 55% bear…

Nigh is the Day of GREXIT?

Nigh is the Day of GREXIT?

Much has recently been made about this past weekend’s leak regarding a recent discussion two senior IMF officials had over triggering an “event” that would force Greek to comply with the EU/IMF demands heading into negotiations re: upcoming debt maturities. The timing…...

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More Analysis Around the Potential for a Greek Exit / Drachma Reintroduction

A short while back we ran some detailed analysis on historical currency devaluation episodes and suggested that should Greece exit the Euro and reintroduce the Drachma, the time to buy Greek equities on a nominal basis would be at the time of…...

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Greek Equities Just Rallied 18%, Now What (How to Play a Euro Exit, if it Happens)?

Last week, Greek equities managed a single week, 18% rally off their lows from the previous week.  NBG was even more impressive, up 50%. Who could have predicted such a massive rebound? Prices could have. As the chart below suggests,…...

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