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So, against what the markets in my opinion seemed to have expected, the Greeks have overwhelmingly voted No to accepting the deal that was offered by the European Union. Of course, since its very much doubtful that most voters had a clue about what the offer meant and what accepting or rejecting the offer will bring, it came down to...
One of the reasons I am a strong believer in trend following is that I have observed that in all cases where markets were supposed to be caught by surprise by an event that shook the markets, the trend was already down. I have in the past given presentations and talks using examples such as the Kobe earthquake, September 11...
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