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February 10, 2012
Edited: February 10, 2012
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It shouldn't. It's all greek to me. If you took my recommendations to buy each time the market had a big down day due to the Greek debt crisis you would be able to retire in luxury right now.
Today is no different. It is a wonderful time to buy stocks that are depressed due to this silliness.
When the market is down due to Greek worries, the volality increases on the fear. When that happens then premiums on options go up. WHen that happens it's an opportunity to write options on the fat premiums and rob the markets blind.
When the market is up due to Greek bailout considerations, I buy non-commisioned index ETF's for day trading.
Hear's the facts on Greece. Greece can't pay it's bills. Those debts are to individuals, businesses, investment banks, and other countries. Those entities have ALREADY WRITTEN OFF these debts a long time ago. They know they will never get paid and are going on with their concerns by writing these off. If Greece goes into bankruptcy, nothing new happens, the debts have ALREADY BEEN WRITTEN OFF. The world does not end, the world goes on, our stocks continues to operate and make money.
The smart money makes hay on days like today. Fools are the big time losers. Don't be a fool!
