MR,
Yes these changes in Europe will effect any stock that does any business their. However, these problems have been well factored in..what we have here is 1) A scapegoat for company's who miss their numbers, and 2) An excessive, albeit scary, overreaction and overdone selloff as a result of this turmoil.
Hold onto your hat, remember as George Brown says: "Buy Low....Sell High." I am buying all the way down, and will continue to do so, here's why:
Continue to buy during a downturn (if you can afford to, and believe me I am stretching my budget) greatly increases your positions when the reversal takes place.
If the ultimate in disasters takes place, as in Russia, if an economy ultimately falls straight on it's ass, the money won't matter either way (unless you have a very big mattress full of it!).
Good Luck,
Jamie |
