Profiting From Europe's Downfall
One of my regular discussions the past two nights -- besides my New York friends bragging about the Mets -- has been Europe. Is it cheap enough? Is it safe enough? What do we buy?
Europe is certainly at, or approaching, Sir John Templeton's point of maximum pessimism. The balance sheet and economy of sun-soaked southern European nations are a disaster, and their more sober northern brethren are reluctant to fund a new party. I have some exposure to Europe though Royal Bank of Scotland (RBS) and Aegon (AEG), but I have always been a fan of buying markets that have collapsed. I usually stick to domestic stocks, but some parts of the world are too intriguing to ignore....526 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.