WOW!
Today was one of those "what the Hell?" days which gives us an oppotunity to look for bargains. That's the only positive spin I can put on it when I've a 2.76% Loss in my Portfolio Catalogue. Even by last year's standards, that would have been considered a hit. This year, it's a true "body blow" when one is struggling to make 8% per month gains.
Taking Profits was a factor, but the absolute mess the Socialist Societies in the European Union have made of their financial systems was paramount in Our BAD DAY (are you listening Washington?). Investor worries have grown beyond the speed with which any aid package for Greece can be enacted. Germany, in particular, has insisted on Greece's commitment to harsh austerity programs before agreeing to a loan, and Greece must repay a €8.5 billion 10-year bond on May 19.
Even with the Euro Markets taking a much larger loss than we did; so What?, it's thier problem (really). Unfortunatly, with the glabalization we must contend with in our large cap holdings, "when the European Market is laid up in bed with the flu, we must at least sneeze".
On a facetious note, maybe we should bail out Greece so Our Markets wouldn't need to worry.
Taking Profits was a factor, but the absolute mess the Socialist Societies in the European Union have made of their financial systems was paramount in Our BAD DAY (are you listening Washington?). Investor worries have grown beyond the speed with which any aid package for Greece can be enacted. Germany, in particular, has insisted on Greece's commitment to harsh austerity programs before agreeing to a loan, and Greece must repay a €8.5 billion 10-year bond on May 19.
Even with the Euro Markets taking a much larger loss than we did; so What?, it's thier problem (really). Unfortunatly, with the glabalization we must contend with in our large cap holdings, "when the European Market is laid up in bed with the flu, we must at least sneeze".
On a facetious note, maybe we should bail out Greece so Our Markets wouldn't need to worry.
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