GO
Loading...

Enter multiple symbols separated by commas

Time to Panic? Not Yet

It was a lousy day for stocks, but not a panic day. Volume at the NYSE just average today. And yes the VIX was up 9 percent today, but look a little farther out: July VIX futures only up 2.9 percent, November 1.6 percent.

European elections: is Greece more important? Everyone fixated on Mr. Hollande's potential victory in France, but what about Greece? We could end up with a deadlock.

Traders fear that no one may end up with a real majority and out of the ten parties, seven are against the deal. If the two big parties can't get a coalition together, you have a deadlocked parliament and then probably ANOTHER election in the fall. And what happens to that austerity deal that was just negotiated? Hmm.

_____________________________
Bookmark CNBC Data Pages:

_____________________________

Want updates whenever a Trader Talk blog is filed? Follow me on Twitter: twitter.com/BobPisani.

Questions? Comments? tradertalk@cnbc.com

  • Bob Pisani

    A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.

Wall Street

  • Robert Shiller

    Nobel Prize-winning economist Robert Shiller says that his key valuation indicator is flashing warning signs.

  • Lael Brainard

    The Fed is in the early stages of an analysis on changes in bond market liquidity, amid signs that liquidity may be less resilient than in past.

  • Bill Gross

    Janus Capital acquired a majority interest in Kapstream Capital and said Kapstream's Palghat will support Bill Gross as co-portfolio manager of the Janus Global Unconstrained Bond strategy.