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IMF Getting Tough on Greece?

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  • Description

    Alpha Financial Technologies CEO Vic Sperandeo on efforts to resolve the Greek financial crisis.

  • Duration 5:11
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Three points you've got those comments out of about Spain and its retail sales -- -- movement in housing prices and housing report I'm -- call it lackluster.

We're up at 91 points now let's bring in trader -- for -- he's with alpha financial.

What do you make of this because.

I see the -- going straight off.

Traditionally normally it would go down when you got terrible news out of Spain and the Euro losing ground what's going.

Well that the main focus is the Greek holes.

And the torque of the Euro bonds them.

Those are the things that can help the future what you're seeing is true but it's older statistics if they did something to re new.

The stability of the European Union.

That would be positive.

So what that's what the focus is -- great polls.

They're gonna happen -- general election on June 17 I think it is the polls show increasing support.

For the party which is in favor of austerity in favor of paying jobs that aren't correct that's a switch for the Greeks is -- -- but not -- because it's it's it's a political point of view because you wanna keep.

The -- year old stable and intact.

So if he -- party that.

It was now causing all this these problems by saying.

We're not gonna we're not gonna pay you back effectively and therefore there would be thrown in the European Union -- not the Greeks understood it's a German and French banks.

That's the problem has nothing to do with Greece if they didn't hold the sovereign debt.

You can -- us about Greece it's because then they have to ease the pain.

To get new capital into those banks according to Basel III otherwise -- banks fail now so -- -- to do with TARP though this TARP would be just isn't popular.

As all attack -- once in my head step -- my hey hey you know but but the bottom line is that Germany would have to fork over money for Greece to maintain itself and -- not gonna do it and let's new democracy wins this election it's kind of guy went there are gonna go well that's.

Charles it's actually far less money to fork over money to Greece that is still used for us what they gonna do big enough that somehow -- rather they gonna print some money in Europe enough struggle along for a few more months -- saying that's gonna happen that well no one's saying that's what the newspapers.

Reflected and that's -- the markets are.

Are hoping for all right -- it is June -- us at the end of this week.

On bat day a lot of people with 401 carries to have a chance to switch their investments around the can move out of bonds -- -- out of stocks and debunk the can -- that.

Would you advise him to move into stocks and well under the assumption.

And -- -- that Obama is going to lose.

I would do that you know if you think Obama's gonna win.

I wouldn't.

Really think this is a totally politicized market that look at North Korea South Korea what's the difference and the women.

Let's take certain dominate can't take -- military I don't know that's taken in mid stream example I I'm not saying it weird that I'm saying let's look at.

If fiscal policy OK let's look at economics and freedom the more freedom you have the better -- if you walk it's as simple as that.

So we have an anti capitalist president in the white you think we'll get a rally if Obama loses.

A big ground a big -- right.

I -- -- it's gonna jump and I don't disagree with good you're saying although I think.

We invest in stocks you know that might try investing Caterpillar I'm investing Caterpillar.

Now it's true the Obama administration can attack them go after their profits but I think a lot of people missed out on investment opportunities of a lifetime when the -- doubled from 2009 to to the current place that it fed now.

-- strictly because -- didn't -- the guy in the White House I think that's -- not to invest in good companies because as the person in the White House looking into what the policies that you have to.

At that time interest rates were headed south Charles it was a different.

Period we didn't know what Obama's policies while.

OK but that's again can -- now you back to you still losing money if you invested no way.

Okay or your flat.

So now is sort of separate the men from the.

We've got a quick comment on this what's on the screen thirty AD on FaceBook that's and the low for the day I think.

Is that an all time that's all time low intraday all time I'm 3081.

Remember what I remember what I we didn't like it no we we we discuss this that when -- -- so those crowds.

It was the is -- and I said the first down day.

Everybody leaves the -- stable remember that.

It's all look so that's really what happens it's overvalued stock I was 125 times -- he wouldn't touch it anything about felony.

You wouldn't touch it period.

I wouldn't touch it -- it is just to reality to where apple and Citi Google trading within a reasonable bounds.

Jones.

Well you know I thought thirty look quite supportive might still be support.

You know I'm not -- yet.

I'm watching it because I wanna see who created trading pattern although got a downgrade I think Friday what to thirteen dollars didn't yeah -- insistence -- it was -- into the third thirteen thirteen.

You know again that's really -- some pressure on the thanks very much -- on -- appreciate being with us today.

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