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xiomata

xiomata
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  • Greece might be finally turning things around, says Morgan Stanley analyst Daniele Antonucci. While the country isn't actually recovering, the huge uncertainty that was caused by fears of a Grexit and other factors, and which was destroying economic activity, has been removed. The recession is alleviating, Greece is becoming more competitive and it's almost achieved a primary surplus. [View news story]
    As a trader whose just come back from Greece, what I sense is that point at which things are god-awfull, yet you know the beast isn't going belly up. Its going to survive. This is the point at which one would have bought Bank of America at 5 dollars or Ford at $1. So even though unemployment is scary, as is poverty and politics, my bet at this point is that 5 years from now Greece will still be in the EU and will have successfully weathered this transition without civil war, imploding or bankruptcy. There's no way to prove that, which is way this is the point at which you make real money on a bet. But it looks and feels that way to me (I'm a turnaround trader), so I'm buying Greece at this point with a look to double my money within the next two years.
    Jan 22 02:49 AM | 1 Like Like |Link to Comment
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