This shows what I mean when I say that most financial asset prices will collapse by 80 to 90% during the Greater Depression. I am not joking, yet, people are not taking me as seriously as they should :-)
So we are now in my target zone, and one would (should!) consider whether it's time to buy this bleeding market.
Here are the results of the little research I have done so far. Sorry, these are very basic, but you'll see that you probably don't need to go further and spend more time on Greece — for now at least.
Please note that:
- As I have discovered that finding public and free information about Greece is not easy if you don't speak the language, I use the Lyxor ETF GRE.PA as a proxy for the ATX Greek stock index.
- The data dates from 6th of September, when I did this research — I didn't had the time to post about it since then, apologies.