Posted on 06/30/2015 4:43:34 PM PDT by Oldeconomybuyer
After months of complacency, a little fear has crept back into the markets. Fear is good because one of the best ways to make money is to buy fear, says Lawrence McDonald, head of U.S. macro strategy at Societe Generale.
A good way to buy fear is to go long on Greek stocks via the exchange traded fund Global X FTSE Greece. “Over the next week, there is a good chance we may see spectacular rallies, because this is by no means over,” says McDonald.
McDonald sees Greek shares as more of a trading opportunity but, ultimately, he thinks Greece will stay in the eurozone, which suggests Greece might be good for the long haul, too. “We’re optimistic that a resolution will be reached,” he says.
Even if we get a Grexit, several positives in that scenario will help Greek companies in the long run.
(Excerpt) Read more at marketwatch.com ...
Buy the dip! Everything is calm, the ECB and Fed will save the day!
Yes! Buy with Euros, get paid back in Drachmas. Sounds like a great get-rich-quick scheme.
This may be the worst piece of economic advice I have ever read. Invest in turd polisher while you’re at it.
I suppose, but how would one know when it’s time to buy?
Will Rogers figured that one out years ago: “Don’t gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don’t go up, don’t buy it.”
This is true, but you better have your finger on the ripcord and not be hesitant to bail should you get a ramp.
Buy Greece, eh? How much do they want for it?
Maybe Merkel will put in a bid....
I'm sure some nit-picker will find a flaw in that plan...
Maybe Merkel will put in a bid....
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She’s the one who’s selling it.
One word: baklava.
Isn’t baklava Turkish? I don’t remember.
I always got it in Greek restaurants and at the annual Greek festival.
A smart play would be to just buy Greece. Rock bottom price. Own it. All of it. Throw out the entire government and regulatory structure and start over. Invite anyone who doesn’t want to play... To leave.
Turn it into a free market paradise.
First in with the old “never catch a falling knife” line.
I’d buy a villa on an island if the price is cheap.
I wouldn’t invest in Greek bonds or stocks, but Greek real estate is about to get real cheap. Think villa on the coast for 50K... maybe less.
Come on you muppets Societe Generale has a lot of worthless Greek junk it needs to unload. There’s never been a better time to buy /s
I think I’ll pass.
But for those tempted to follow this advice, just don’t invest more than you are willing to lose.
And probably property taxes of only 64,000 percent or so.
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