Tuesday 26 February 2013

Italian election

Italy, Rome, Colosseum

Today it became clear that Monti did not win the election in Italy. I guess that the stock market is looking upon it even worse since Berlusconi seems to be making a come-back. The stock market makes a slight drop to show how unhappy they are over how the Italians voted. As if that would change how the Italians decide to vote. In my opinion we must let democracy have its course and if the Italians decide not to vote on Monti then so be it.

As an investor I have to ask myself:

Did the value of the companies I own decrease? Did their future potential earnings decrease?

If not, then right now is a good moment to buy even more stocks cheaper than yesterday.

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