Greece bailout fears push the US Stock Market lower but the 998 point drop was partly due to a trader error. ?The European debt fears along with an error between one billion and one million sent the stock market reeling down over 8% at one point in trading. ?Over the next few trading days it will be interesting to see how things turn out.


The thought of a Greece bailout has really caused an uproar from many Americans. ?With Americans against a US bailout we can just imagine how they are going to feel about a Greece bailout. ?The sad part about the entire Greece issue is that Portugal may be next.

Many analysts have felt that the entire continent of Europe is going to be a huge problem, much like the United States two years ago. ?With several countries need a bailout there could be huge losses in multiple stock markets over the next few months and possibly even years.

Just a few days ago Peter Schiff was on the news talking about a possible breakdown in multiple economies as things have not gotten better as many people believe. ?He feels that after Greece Portugal will falter and many other European countries will need some type of a bailout.

Unfortunately the global economy is not strong enough to deal with these issues right now. ?Although a 998 point drop is not completely true with much of it coming as part of a trader error, there still may be room to drop. ?If the Dow Jones Industrial Average goes below 10,000 in strong selling there might be huge concerns ahead.

With European debt being a huge problem at the present time many Americans are afraid to keep their money in the US Stock Market. Over the next several months it will be very interesting to see if traders keep their money in US equities or if they decide to go with safer investments.

Today we saw the price of gold shoot up over 30 points which is no surprise at all. ?What makes gold an even more attractive investment at the present time is that it recently hit a 2010 high which is a very bullish sign. ?With gold well above its 50 and 200 day moving averages there are many investors that are interested.

With stock markets plummeting and gold shooting higher many investors and main street Americans will feel the urge to pull their money out of the things going down and put it into investment vehicles that are going up. ?If gold shoots up over $1300 a true Gold Market bull might be running.

With that being said there are still many great opportunities in the US Stock market. Traders that were sitting at their desks between 2:40 and 3:00 pm today saw many great stocks at extremely low prices. ?Some very strong stocks with great fundamentals were down 10% and even 20%.

Unfortunately, most Americans do not have the gumption to take on the huge amount of risk that is associated with a 1000 point drop in the overall stock market. ?Those who had the courage to get in could have made the trade of a lifetime. ?Some traders might be able to retire when all is said and done.

We are now hearing word that the NASDAQ is going to cancel all orders between 2:40 and 3:00 that were 60% above or below normal trading at that time. ?There is also word that the Procter and Gamble trades that stemmed this selloff will be cancelled as well. ?It will be very interesting to see how this all works out.

Over the next several trading days the topic of a Greece bailout could push US stocks much lower. ?The idea of a 998 point drop is very scary but there is always the possibility when the word bailout is used with any nation. ?The European stocks markets are likely set for a wild ride in just a few hours which could continue to make things very interesting.

When the European stock markets open it will come as no surprise to see a huge drop before some stability. ?Hopefully it will not be so severe that they have to halt trading but at this point anything can happen. ?This is turning out to be a very crazy weekend much like the weekend of the Lehman Brothers bankruptcy and the buyout of Morgan Stanley.

Some Wall Street workers will not sleep over the next 48 hours as this is a very crazy time. ?With that being said, over the next few trading days many millions of dollars will be made one way or the other. ?The possibility of a Greece Bailout and another US Stock Market crash leads to opportunities somewhere the question is “where are those opportunities?”

Look for some very interesting opens on the European markets in the next few hours. ?With a Greece bailout on the minds of many it could lead to a huge drop. ?Unfortunately no one knows what will happen, we will just have to wait and see.

Author: Heather Best