Tuesday, July 12, 2011

Tread Lightly Until the EU Panics

Emerging Money submits:

By Tim Seymour

Take this with a grain of salt, but from a trading perspective, it is time to adopt a somewhat defensive approach as long as Europe remains unsettled. As we pointed out yesterday, you should be taking some profits and trading lightly on your positions at this point. Keep it nimble, in other words.

I know that there is a place where you could see a strong comeback in emerging markets and EEM back on the rise:

But I do not think we are quite at that point. The bottom line is that there is no way to know what will happen if Greece defaults or Italy or any other country

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