This morning, the S&P 500 Index e-mini futures (ES-U2) are trading higher by 1.25 points to 1327.50 per contract. Today, is options expiration and the volatility is likely to continue into the closing bell. Nearly every trader and investor is eagerly waiting for the Greek elections that will be held on June 17, 2012. I've lost count of how many elections have been held in Greece over the past two years. The new rumors this week is that Greece now wants to stay in the European Union. I guess if you continue to get bailed out it pays to keep taking money until they kick you out of the troubled union.
Yesterday, the latest report was that the central banks are planning a coordinated effort to add liquidity to the markets to prevent any type of panic. Where does all of this money come from when everyone claims that they are broke? Some equities that could be volatile today include the National Bank of Greece (ADR) (NYSE:NBG), Bank of Ireland (ADR) (NYSE:IRE), ProShares UltraShort Euro (ETF)(NYSEARCA:EUO), and the iShares MSCI Spain Index (ETF) (NYSEARCA:EWP).