Favor Dividend Stocks Before Others as the Greece Situation Comes to a Head

Stocks started the week lower today on the news that the euro-zone did not come with another plan to temporarily "fix" the Greece situation. This is surprising to me, and shows me how the market is trading on such short-term news right now. The reality is that there is no solution to Greece other than a default and/or currency devaluation. You can't fix a situation with too much debt without austerity, and the people will likely not accept much more austerity. Is there really a path that doesn't lead to Greece bowing out of the Euro, going back to its own currency, and then devaluing that currency to "fix" its own problems? If that is the case, does it make sense to buy any stocks right now until this fully shakes out? The markets get rattled each time the Greece and Euro situation flares up. Upon news of a temporary... Read more

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