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Money Expert Says Down Stocks Are Affected by Greece


Stocks fell today on news Greece may fail to qualify for more financial aid to avoid default. The Dow closed down 108 points. Financial Analyst Bill Valentine with Valentine Ventures says this dip isn't unexpected. “The markets have gone up and they've gone down. The market fell off a cliff in early August. We're sort of testing the same lows. Europe hasn't solved issued and probably in a week or two, the Greek issue will play out.” Valentine expects Greece to default and he believes it will cause the market to drop but then it will head back up, since the U.S. holds very litle Greek debt.

 

 

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