RE: RE: Pick up more shares at .86 Why buy at all......let alone 0.29 cents!?!?!?!?!
June 17th is going to be "non-market event" meaning this Greece thing will be way over done to the point where everything is being thrown out (sold) and people are running for the exits (done before June17).....you need high level of fear and selling in order to find a bottom, and IMO we are getting there soon! The market sell off did not start yesterday it has been going on for the last 10 to 11 months and the markets are "baking" every little possible detail on the negative side into the stocks of companies! Alot of money sitting on the sidelines and going into bonds where a bubble is brewing with incredible low yields and high bond prices.....cheap money being available for borrowing!
The P/E of most of the indexes around the world are low and below historic levels.....Even though companies still growing earnings!
Greece will not be "leaving" the Euro. Zone, as ECB--Germany will not let that happen...even though they are leaving things to the last minute here....if one leaves..... others will follow as well, and this will impact the Euro. negatively even more than today.....hurting good economic countries in the Euro. Zone.