Countries on verge of default or close encounters

[Captain1]

Re: Countries on verge of default or close encounters

@Southie

The pundits are now more concerned about Europe. The usual suspects - Greece, Portugal, Ireland, Spain, Italy (not sure in which order). Investors in the US have been advised to stay away from multinationals that get > 25% of revenues from Europe.

If you believe the Europe concerns are overblown, a contrarian play (buying Europe after a drop due to debtdefault fear/hype or buying US multinationals with exposure to Europe after their stock has been beaten up) could be rewarding.

I wish I had that extra cash to play with but I am not going anywhere close to stocks investments for now. Though investors are eyeing only Europe’s debt issues probably thinking US will not default and the ceiling will be raised, but what IF the ceiling is not raised in due time, the results could be devastating for global financial markets and ripple effects would be all over the place.