Greece hangover continues......

We are back to square 100, it is back to Greece parliament to enact legislation to implement what they have been rejecting then accepting, it has become a trust issue.

Based on published report, it will take another week before we know, what was really accomplished or agreed on.

Market will be under pressure again on Monday on non finalization of Greece refinancing.

Greece needs to implement VAT, Pension Reform, Privatization by Wednesday, lot of drama on CNBC....

China is another issue, where government is directing / dictating stock prices, never ends well.

We have to keep an eye on lows of Tuesday, IF we hold, then we may be OK for digestive phase.

Many Oil countries are facing hardship, Canada included, we are on the verge of going into recession in Canada.

Lot of buying $$ have been taken out due to low low Oil prices, not good for any economies, when there is disruption in major commodity like oil, there are hedges in place which can bring its own problems.

Again, there is another chance to rejig your portfolio on Monday, IF there is selling, good stocks will be on sale again.

It is a wise move to rid of your portfolio of weak stocks, i think i have completed this process on Friday, never too late to get rid of losers.

This summer has not been good for many portfolios, as many strong stocks have pulled back on China & Greece issues.

Do not hesitate to add exposure in quality stocks and away from weak performers or speculative stocks.

Good luck with your own analysis & comfort level.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed