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Investors Take Wait and See Grexit Stance
It’s only natural that this weekend’s Independence Day celebrations stateside and Sunday’s Greek referendum would discourage any aggressive market participation. Expect many investors to continue to adopt the “wait and see'” approach, especially after the market shenanigan’s that occurred on the Asian open last weekend when a supposed eleventh hour deal between Greece and its main three creditors was anticipated. The market does not want to be caught aggressively offside on the too close to call Greek referendum results. Latest surveys imply a coin toss outcome. Last weekend, the Greek government was ... (full story)