Goldman Sachs is Going to Eat Your Lunch on the Steps of the Acropolis
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Price: $30.29 -0.56%
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Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
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Chief Global Equity Strategist at Goldman Sachs, Peter Oppenheimer, is looking past the election in Greece and he sees a much more stable picture in Europe than what the market is pricing in.
He doesn’t think Greece will leave the EU anytime too soon. It is much more probable the Europeans will "muddle through," despite the fact that they have no clear resolution to the crisis. Greece will probably stay in the European Union, and if they do leave it will be over a long period of time and would be managed, Oppenheimer said.
From an investment perspective, Oppenheimer sees bond yields moderating in periphery countries in Europe and equities prices rising.
“With high dividend yields and much bad news now priced in, investors who can have a long-term horizon and can stomach short-term volatility might find that future returns are better than they have been for a long time,” according to the analyst.
iShares MSCI Spain ETF (NYSE: EWP) is a fund that owns Spanish equities. WisdomTree Dreyfus Euro (NYSE: EU) is an ETF that invests in debt in the EU.
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He doesn’t think Greece will leave the EU anytime too soon. It is much more probable the Europeans will "muddle through," despite the fact that they have no clear resolution to the crisis. Greece will probably stay in the European Union, and if they do leave it will be over a long period of time and would be managed, Oppenheimer said.
From an investment perspective, Oppenheimer sees bond yields moderating in periphery countries in Europe and equities prices rising.
“With high dividend yields and much bad news now priced in, investors who can have a long-term horizon and can stomach short-term volatility might find that future returns are better than they have been for a long time,” according to the analyst.
iShares MSCI Spain ETF (NYSE: EWP) is a fund that owns Spanish equities. WisdomTree Dreyfus Euro (NYSE: EU) is an ETF that invests in debt in the EU.
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