Greece debt and the European Union | OptionsANIMAL

Greece debt and the European Union

So, the futures looked ugly… Greece debt is moving to the forefront of the EU’s radar. All of the European markets are down about 1%…

Image by NASA Goddard Photo and Video via Flickr

Sure looked like it was going to be an ugly day. And then there was the discussion of the passage of the Health Care Bill.

Certainly the big pharma’s stand to gain from this – more folks being prescribed meds… Hospitals stand to gain as well. So who stands to lose? That is a good question. Insurance companies seem the obvious choice, but they have a way of turning stones into stone soup, so I wouldn’t jump on that band wagon too fast… I think that the losers are not going to be the corporations at all (which may help to explain Wall Street’s enthusiasm today), no, I suspect that the losers in all of this will be the Health Care Providers themselves… Much like deregulation and massive cost cutting killed the careers of many industry’s before – I suspect this will unleash a whole new round of downward pressure on the salaries and benefits of those in the field of Health Care… Very sad as they are the ones who quite literally hold your life in their hands…

So, Western Digital (WDC) and Seagate had a big moves up today! Seem that Brean Murray, Carret issued an opinion saying that both makers of hard drives and solid state drives were on their way to very strong March sales! Great! Like both of those companies long-term – especially anyone who can make SSD cheaper. It’s the way of mass data storage in the future. Lightning fast – no moving parts… Just a tad bit expensive now!

As for the over all market – well I’m still a bit nervous about where we are now, so I’ve taken a few bullish positions off and will be playing April’s expiration series just a bit more conservative.

Jeff McAllister

OptionsANIMAL Instructor


Options Trading Resources

options trading education * learning to trade options * online trading classes * stock market beginner * options trading example * trading classes

Enhanced by Zemanta
Posted in

Jeff McAllister

Join 500,000+ Investors

Get the latest class invites delivered straight to your inbox.

Our Students Love Us

Options Animal has been great to work with. There are many trainers to work with who have different styles of teaching and trading. I have found several that I like and learn from. The training they gave me has benefitted me so much that the gains I have made in my trading account has more than paid for my subscription to the lessons. Love this company and their trainers!
I am really happy I decided to subscribe to OptionsAnimal. Trading options is not easy, but OptionsAnimal provides you with all the information you need to trade options successfully. They cover all the different option trades, and, in the higher level lectures, they have algorithms which guide you through the management of trades after they are placed. I highly recommend OptionsAnimal.
Scroll to Top