Ray Dalio from Bridgewater Associates LP is one of the best at intertwining macro and micro investing. He argues that the “European debt crisis has been poorly managed, bringing Europe closer to a debt implosion, or a currency collapse. Although this is extremely negative he also mentions that “a meaningful deleveraging for an extended period of time is now priced into the market.” I agree completely with his sentiments and although I don’t expect a quick resolution, I do believe things will get better and ultimately stocks that are trading at substantial discounts to intrinsic value due to global fears such as financials or automotive stocks are likely to be among the biggest winners.
INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.