It’s Greece 2.0
From here to there could be a very rocky road, however. In the three Greek crises, the turbulence lasted about eight months each time, suggesting that this is only the start of a longer process. With the prospect of new elections, and the uncertainty associated with them, that time frame may be optimistic. For the rest of the year, and likely well beyond, expect to hear a great deal more about Italeave—or, as you can think of it, Greece 2.0.
Brad McMillan is the chief investment officer at Commonwealth Financial Network, the nation’s largest privately held independent broker/dealer-RIA. He is the primary spokesperson for Commonwealth’s investment divisions. This post originally appeared on The Independent Market Observer, a daily blog authored by Brad McMillan.