With the Greece situation coming to some type of resolution sooner rather than later, and the resulting fear of the unknown for the EU, it is likely we may have a swoosh in global capital markets.
You may be asking what is a swoosh?
A relatively fast, fear driven, and somewhat electronic, overreaction to a headline or story. While the markets have appeared relatively normal lately, there are factors brewing underneath that would lead us to believe a swoosh is possible.
It would not surprise us if this swoosh happened quickly and ended with a final movement up in capital markets, but there may be very negative headlines as a result and no investment adjustments will be necessary.
We liken this swoosh to a hitting a pothole on the freeway rather than a ditch, but we thought with a little early notice, IF our swoosh occurs, you might find it more interesting than frightening.
Have a Good Day!
JK