Wednesday, November 2, 2011

Greek Referendum- easy money shorting the Euro?

It seems almost too good to be true.

Papandreou puts the bailout plan to the vote. He actually calls for a referendum on the bailout. Given the Greek people's thoughts on the austerity measured tied into that bailout, it seems like a no brainer- short the Euro, they vote no, make a ton of dough.

But can it really be this easy? This after all, is a trillion dollar game being played. Would they really leave so much to chance?

But then again, they aren't all knowing. I remember the runup of the markets before the French vote to join the EU. And I made a bundle when the France said non.

So I don't know. But trading is all about following your plan, and I'll be following mine. Prior to the Greek referendum, I'm short the Euro, and looking for some big price action. 

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