1 Reason the Dow Is Tanking Today
The following video is part of our "Motley Fool Conversations" series, in which consumer goods editor/analyst Austin Smith and industrials editor/analyst Brendan Byrnes discuss topics across the investing world.
In today's edition, Austin and Brendan discuss the one big thing that's tanking the Dow today: Greece. Just when we thought the worst was behind us, the indebted nation is giving investors reason to pause after their inability to form a new government following Sunday's vote. Investors are worried that Greece may have to hold another general election and negotiate another bailout measure. Germany has looked to Greece and said, "NEIN!" The country is standing its ground and won't be offering any more aid unless Greece fulfills all the conditions of their international bailout. With the earnings season glow behind us, investors can expect more market gyrations compliments of the eurozone as Wall Street looks back to the troubled region with uncertainty.
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At the time this article was published Austin Smith has no positions in the stocks mentioned above. Brendan Byrnes owns shares of Caterpillar. The Motley Fool owns shares of Intuitive Surgical and MAKO Surgical.Motley Fool newsletter services recommendIntuitive Surgical and MAKO Surgical. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.
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