Europe: Look for Value, Expect Volatility

By: ETFdb
Like a villain that dies at the end of a horror movie only to be resurrected in its sequel, the threat of Greek political instability is once again stalking financial markets. On Monday, Greek Prime Minister Antonis Samaras surprised everyone by moving up the date for a parliamentary vote on a new president, a largely ceremonial position. It is unclear whether Samaras’s existing coalition with 155 seats would be able to obtain a supermajority—180 out of 300 lawmakers—to pass that vote. Should they fail, this would precipitate a snap election. Based on recent polls, the likely winner of that election would be the far-left party, Syriza, who would probably be forced to govern as part of an unstable coalition. The news unnerved investors, sending Greek stocks and bonds tumbling and in turn raising the question: Are we in for another round of European led volatility? Here is my read. European […] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts
Like a villain that dies at the end of a horror movie only to be resurrected in its sequel, the threat of Greek political instability is once again stalking financial markets. On Monday, Greek Prime Minister Antonis Samaras surprised everyone by moving up the date for a parliamentary vote on a new president, a largely ceremonial position. It is unclear whether Samaras’s existing coalition with 155 seats would be able to obtain a supermajority—180 out of 300 lawmakers—to pass that vote. Should they fail, this would precipitate a snap election. Based on recent polls, the likely winner of that election would be the far-left party, Syriza, who would probably be forced to govern as part of an unstable coalition. The news unnerved investors, sending Greek stocks and bonds tumbling and in turn raising the question: Are we in for another round of European led volatility? Here is my read. European […]

Click here to read the original article on ETFdb.com.

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