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Here is an article about the Debt Crisis in Greece and all you need to know about it. The crisis isn't effecting the U.S. right now because our banks have minimal exposure to Greece. However, if somehow something doesn't get done over there and Greece defaults, it would effect Banks in Germany, France Italy, ect and send things into a tailspin over there. This would then effect the US and the whole world for that matter because our exposure is huge in other European countries.
Not sure how this will all play out, but keep tabs on the news!
Stocks to Buy? Short ETF's like FAS or TZA
While he may have to modulate people's expectations, I am sure he will temper them with some language regarding his nimbleness to respond via monetary policy, even if he says nothing new. It really is gradients of nano-signals with the Fed. The point though is that the market usually freezes in the hour leading into his comments, and then generally watersheds in whichever direction the Big Boys/supercomputers jolt us. I mean, it essentially de facto moves the 3pm crazy-hour/power-hour up a few hours. The key is to not be on the wrong side of whatever happens.
The sad fact is that a single headline out of Europe (and mind you, now we usually get three/day) has the same effect as explicit (as opposed to implicit) monetary policy by the Fed. It just doesn't add up, and it's brutal if you're simply trying to trade off of individual stock fundamentals like a normal sane sentient person.
Max Keiser loses his mind on Greek commentator. Wow
And...the #1 hit in greece right now...