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IT’S GREEK TO ME

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IT’S GREEK TO ME

Robin:  “Gosh Batman, Greek is still Greek to me.”

Batman:  “It’s Greek to a lot of Greeks too.”

But to Fitch, Greece is still investment grade even with a downgrade to BBB- with a negative outlook. The rating agencies have been doing a great job of being ahead of trouble for investors these past few years right?

Anyway the news really is more about markets today which is also Greek to many investors.

The sprint to DJIA 11,000 was underway late today. Reaching it isn’t based on any positive news since that average is just “window dressing for the tourists” as they say.  But, it’s what Main Street is most attentive to and it sells soap for the financial media. It’s this type of action (using other people’s money) that gives rise to..Click to enlargeREAD MORE!

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Stocks: SPY, RSP, VTI, MDY, IWM, QQQ, XLY, XLF, KRE, KBE, SMH, XLB, IBB, IYR, IYT, SEA, DVY, IEF, TLT, SPXL, TNA, UYM, MVV, DIG, BDD, DGP, USD, FAS, XPP, FXE, GLD, DBC, XLE, JJC, XME, DBA, MOO, EFA, EEM, EWJ, EWY, TUR, EWA, EWC, VNM, EWZ, RSX, EPI, FXI