Europe Runs the Show

No matter who IPOs or what the charts say, this market is controlled by European headlines. This afternoon we got one from the BBC, “Merkel ‘suggests Greek referendum on euro membership’.” You just can’t compete with that and there is no reason you should try. Yes things are oversold and over extended but with a market like this, the risk/reward just isn’t there.  

 

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About Andrew Thrasher

Andrew Thrasher is a Portfolio Manager for an asset management firm in Central Indiana. He specializes and writes about technical analysis as well as macro economic developments.