Will the Greece crisis send Wall Street into a double-dip?

[Joe Biden 2020]

I've been wondering with the Greek crisis apparently still causing worry and anxiety with volatile, mostly negative, days on the stock market the last two weeks will that cause the United States to relapse back into the recession?  I know there are multiple components to the United States economy, but will the recent drop on Wall Street have a domino effect into the other sectors including employment, credit, housing, etc.?

[Free Trade is managed by the invisible hand.]

in my opinion no, because it is all game of expectations. Secondly I would like to point out that a wave of sovereign defaults is the norm in the aftermath of a financial crisis, and thus history says that this is not likely to cause a double dip.

[Sam Spade]

To send the stock market (and therefore, in due time, the economy) back downhill would require greater issues than one dinky unimportant European country.

The interesting part about the EU plan of last week is that it caused the local troubles to subside (i.e. Greek/Portugal/etc. CDS and bond yields) but had zero effect on the negative global changes from the "crisis" (i.e. LIBOR rates, TED spreads, EUR/JPY, EUR/USD and the commodity carry trades).  In some of these cases, things got worse.

Tells me that we're far from over in the larger picture.

[phk]

https://uselectionatlas.org/FORUM/index.php?topic=116086.0

[Free Trade is managed by the invisible hand.]

https://uselectionatlas.org/FORUM/index.php?topic=116086.0

I understand the market is highly interconnected,but what about the bond market? has that market had any significant changes that may make things different?

[Bo]

Probably not, but you never know

[phk]

Short-sold my entire portfolio. Went from $96k to $116k fast.

[opebo]

Short-sold my entire portfolio. Went from $96k to $116k fast.

You have $116,000?

[phk]

Short-sold my entire portfolio. Went from $96k to $116k fast.

You have $116,000?

More. They let me have $100,000 for sort of a personal portfolio that I could choose which securities I wanted in there.

My parents have the rest of mine and my sister's money in a mutual fund.

[Sam Spade]

I'd take my gain and run with it now, personally.  What you really want to wait for is a major bounce to short it - mr. rocket.