Over the weekend, Greece voted to implement even more painful austerity measures in order to receive another round of cash. These measures are essential in order for them to make a bond payment coming up in March. So far today, the markets appear to be cheering the news out of Europe, but only time will tell how long the euphoria will last. Since the beginning of the year, the stock market has been in rally mode with stocks significantly outperforming other asset classes, but as we all know things can’t continue to go up in a straight line forever.
Past performance is no guarantee of future results.
Eric Marvin, CFP®, CRPC®
JPT021312-277
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