If you think the election of the pro-bailout party in Greece is a turning point in the EU financial crisis, the Fast Money pros say you’re mistaken.
Top trader Jon Najarian tells us there’s plenty to go. As a huge sports nut, Najarian says if the crisis were a football game, we’d only be at the end of the second quarter.“More than half of the game is left to play. Unless we go into overtime!” says the co-founder OptionMonster.com with a twinkle in his eye. Najarian may be making a small joke with his overtime comment, but he's a very serious trader and he tells us seriously that pros are focused on Spain and Italy. “Until we can put a moat around them, it won’t be over.”
On Monday, the cost of borrowing rose for the two nations with the yield on Spain's 10-year bond going above the 7 percent widely viewed as unaffordable. Italy's was just above 6 percent.Page 1 of 4 | Next Page