Quote:
Originally Posted by crazyazn
To me, the trend of the markets are still quite bearish...and not only the Canadian/US markets either...would you guys agree?
Just want to know what you guys think of the overall investing environment at the moment.
|
I think the overall market is irrational and could snap down at any moment. Although the Greek parliament passed their vote today, which the markets were expecting anyway, the underlying problems with Greece, and indeed with the PIGS (Portugal, Ireland, Greece, Spain), are still present, if not getting worst. The only country holding the Euro zone together is Germany, with the UK a very distant second. So when (not if) the next PIGS see fiscal problems, the markets will fall again. It could happen in weeks, not months.