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As the Debt Crisis Looms in Greece, Volatility Zooms Jul 15, 2011 // Anthony IsabelNo Comments »As the Debt Crisis Looms in Greece, Volatility Zooms
17 June 2011
* As the debt crisis looms in Greece, volatility zooms in the markets. Another day of uncertainty was met with a day of volatile trading but a day in which stocks rose due to technical reasons and the expiration of options. The caution flag is out and continues as investors speculate on the Greek debt crisis and its impact on U.S. banks. Many experts have indicated that U.S. banks exposure to Greek debt is not as large as feared by investors.
* The big headline is Greece, and its going to continue to be Greece until there is some clarity or conviction that comes out of there, said Jonathan Corpina, head of NYSE floor operations for Meridian Equity Partners in New York. Although the day ended up, it is apparent that the market needs resolution to curb investor fear and advance the market.
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