The good, the bad, the ugly…
Blondie: [counting Angel Eyes’ men] One, two, three, four, five, and six. Six, the perfect number.
Angel Eyes: I thought three was the perfect number.
Blondie: I’ve got six more bullets in my gun. – The Good, The Bad, The Ugly
The markets are down ugly to start the day. You want to guess why? According to most mainstream media reports, your individual stocks are down fractionally this morning because “U.S. stocks open steeply lower, rising a first down day in six, amid indications that Greece is now nearer the brink of default. The Dow Jones Industrial Average tumbles more than 200 points.”
Greece! You mean, the previous bailouts that didn’t cover all the losses didn’t work because it didn’t cover all the losses? Greece is nearer default.
These headlines will continue to dominate for the very near-term, and as usual, any major weakness brought about by such crashes are likely to be buying opportunities.
Better make sure we’ve got some bullets in our guns.
The Good The Bad and the Ugly Finale
