daily update: nasdaq and nikkei are hitting all time highs while greece drama ensues

nasdaq and nikkei has hit their highest levels in 18 years amidst the greece drama.  greece is on point now to resolve its default status of 7.2 billion euros ($8 billion) with the international monetary fund (imf) in brussels this week.  this is simply a loan upon a loan as greece will need another 14 billion euros to sustain itself through 2015.  this is where the cure might just be as bad as the disease.

notwithstanding, nasdaq and nikkei have been hitting their highest levels this week since 18 years.  although none have direct impact on the greece situation, both seem like a bubble ready to pop once the situation with greece and european union may fall through.  the greece, imf and european union situation is looking like to resolve itself next week.  this solution iis not the cure for greek’s cancer but merely a stopgap. once the situation resurfaces, the bubble may pop and may affect markets worldwide including nasdaq and nikkei.

now it’s only a matter of time…

now it’s only a matter of coffee, our coffee…

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