Stocks had an ugly start last week as in Sunday night trading the S&P futures opened down 31 points. By the close Monday the future were down over 40 points as the negotiations in Greece reached an impasse again. As we head into the long holiday weekend there is still no solution in sight as the focus is on Sunday's referendum vote. The Dow Industrials and S&P 500 lost about 1.20% on the week while the small cap Russell 2000 lost 2.46%. Global events short of war rarely change the major trend as prior selloffs over fears that Greece would leave the Euro have presented good buying opportunities. This is likely to eventually be the case in 2015. But shoulk investors be buying now?
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