You would think by now, the Greek financial crisis wouldn’t have such an impact on world financial markets. The fact that it still can roil stock, bond and currency markets is as much a reflection of the skittishness of investors as it is the actual fundamentals. Europe today is well prepared to weather the effects of a Greek exit from the Euro-currency market.
Nevertheless, there is always the possibility of unforeseen consequences and corollary damage, so it’s understandable that some short-term traders prefer to retreat to the sidelines. At this point it appears that Europe would be better off without Greece than with it.
So what actually happens should have very little lasting impact on most investments.
Stay steady, my friends.
The Lonely Bull