Tuesday, November 01, 2011
Greece News Is More Influential
The very support for all the major US indices broken.
The announcement — on Monday evening in Europe — of the referendum and plans for a confidence vote took investors and Greece’s euro-zone partners by surprise.
The news shake off more than 4% out of the market in 2 days. It makes an average retail investors panic and don't know what seems to be a good thing. I might say every single downturn gives you the same effect. So keep the cash and wait for a good timing. We will know when it comes.
Greece problem will not solve in days or weeks or even months. It will continue there for years. Now the problem is how to shift the mindset to better and robust news than focusing on these bad news? We will see what comes up next.
Got to be careful is such stages and don't try to put in a lot of long position. If I were you, I will keep cash.
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