The Big Contagion - Greece - We almost hate you!

How will Greece contagion work out?

- Greece brings down PIGS with it.
- Euro has to be devaluated.
- Entire Europe market goes down.
- Russia depends on Europe for their Oil/Natural gas revenues on which it entirely depends - So Russian Market goes down.
- China's policy towards its currency and property inflation - supposedly needed but now it seems there is no need for the governement policy, the property value would have adjusted on its own. - So mistimed - Chinese market goes down.
- American market goes down -  financial market coupling with European financial market.
- Japanese Market - well it never goes up - so it is a given!
- Indian Market - I expect Indian market to perform better than other markets during the race of world markets towards the next dip.

There is high possiblilty that DOW would go below 10000 points or stabilize around that level. Hopefully, ECB takes some concrete actions instead of verbal support!

For people like me who have been long, buy some short ETFs to hedge! Some short etfs to consider

EUO - Short Euro
DXD - Short DOW
RWM - Short Russian index.
These are double x shorts. So adjust your hedging ratio accordingly.
Also consider FXP - Short Chinese market. - Is already up 7% for the day when I am writing this.

For people on the sidelines, good for you, pounce on the value stocks on the coming next big dip!

For people with hope that we will have a V shaped recovery, please jettison your hope. Greece just decimated it!

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