Most Greeks ( including the Leftist leader Tsipras ) do not want to leave the Eurozone but don’t agree with EU prescribed austerity. Even if the new leaders want to, they will be rejected by a people’s referendum, hence Greece will not leave voluntarily. In 17 June election, it’s unlikely there will be an outright winner which can form a govt. A coalition govt may be formed , and they’d need to renegotiate realistically with the troika as beggars can’t be choosers. The EU is now better prepared for a Greek exit compared to a yr ago and may kick Greece as a last resort , which will be a long tedious legal process. The worst outcome is another deadlock when a govt can’t be formed, then Greece will have yet another election in abt two mths time. Just wait while events are played out. Don’t worry, be happy. (watch @ 0.52 LoL )
OMG, Dow shot up 278 points! Goes to show the market volatility is a fantastic opportunity for value investors. When the uncertainty is at its height, such as when Greece went to the polls, it's time to selectively buy what you love and know.
One thing I can be sure of is, laggards with low PEs but good earnings will surely catch up. Oxley and Sing Holdings (39 cts, 35 cts, respectively) --- compared to Roxy which is up 100% this year to date. Yongnam (23 c) --- cf to other construction stocks.
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