Update for Tuesday June 16, 2016

Whether Greece stays or leaves the Eurozone  has not major effect on US markets. Of course the insiders will find any lame excuse to take the market up and down. The European markets can be affected in a major way if  Greece leaves but it will be temporary.

The real problem is not Greece. It is the unending printing of money by Eurozone, USA, Japan and China. So there is no real growth in Eurozone, USA, or Japan and this printing will come to an end.

 There is a possibility that we may have a rally up after initial decline today . So be careful here. See the last chart of SPY