jgunters - volatility withdrawal - thursday, page-49

This is the same old commentary FEAR / CONTAGION / DEFAULT that was tossed around October last year. Highs we called new lows were forecast for years end.

Yet what has happened?

"the sell off"? Yes there will be a sell off but it will short lived, that is why volume is diminishing at these levels, because all that money is on the side lines waiting for the pull back that hasn't yet been delivered this year.

The market is rolling with the punches atm, Greece default will not be a shock! Spain or Portugal defaulting would be a shock the market needs to sell off heavily.

Well all I can say is, "we await'.