Am I losing my mind? Yes, it is possible but this may be a very lucrative speculation although with a high risk. Yes, Greece has been inflicted with all kinds of financial missteps you can imagine and its economy has been in abysm for years. But this has let Greece's stock become one of the cheapest in the world, believe or not. There are few things you need to learn in investing: anything regardless how bad will become valuable if it is cheap enough, as long as it still has some values. Greece as a country as well as its stock market as a whole certainly still holds some values. As such it can become attractive when cheap enough. I think now is the time for Greek stocks. There is another kicker. The index provider MSCI announced in June that it demoted Greece from developed market to developing market. It sounds very bad, isn't it! Actually it is great news for Greece stocks. Why? Because now MSCI Emerging Markets Index ETF (EEM) must buy Greek stocks to reflect the status change. This is a boost for the Greek stocks and will happen on Nov 27. Now S&P has also demoted Greece to emerging markets status and as such its SPDR S&P Emerging Europe ETF (GUR) should also add Greek stocks.
I will be buying Greek stocks as a speculation. The easy one to trade will be the ETF for Greek stocks, GREK.
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