|Down slightly as at 5th June 2012|
Tuesday, June 5, 2012
Buy equities now and maybe after June 17 2012
Usually when the fundsupermart General Manager’s personal portfolio is in the red, it gives a clear indication of a buy for equities.
There are likely 3 scenarios after June 17.
Greece pro austerity measures government wins election. Stock markets will rally.
Greece’s anti bailout government wins and Greece exit EURO. Short term pain, but European central bank will pump in money to stabilize economy. Buying opportunity for rebound.
Greece leaves Eurozone, central banks do nothing. 40% loss in stocks. This is the most unlikely scenario.
Looks like buying opportunities are appearing, now and after June 17th.