The polls have now closed. The eyes of the world are watching these elections closely.
Why? Because the results may affect the future of the European Union, the Euro and the world wide markets.
Why? Because if the conservatives win, the hopes are that the party will work with the ECB (European Central Bank) in repayment of debt and austerity measures. If they don't, then a separation from the EU (European Union) is imminent.
Why? Greece uses the Euro as its currency. As such, it is unable to devalue the currency in order to be able to stimulate its economy. Germany, France and all the other big kids are not going to let that happen to the Euro. The option would be to drop the Euro and go back to the Drachma, its older currency.
So what if they leave the Euro? The European Union has a lot vested in Greece, they've bought their sovereign debt when nobody would, so did some banks all over the world. Their exposure is too great; They would be left holding a bag that would probably never be paid. That would be a historical loss of money. Forget Lehman Bros., this would be bigger.
And it could get worse... The events above could initiate a chain reaction (a.k.a. contagion) on other Euro countries with bad economies: Spain, Portugal, etc. could follow and leave the EU.
How to trade this? The world wouldn't come to an end, if a breakdown would happen. It would just create lots of buying opportunities (a drop!). As history has told us, panic sells usually lead to a rise. I'll trade that any day. Plus, U.S. markets exposure has now been reduced. So, I'd take advantage of knee jerk reactions, and then take profits. Short term, though, expect a drop. That's my queue to action.