The situation in Greece will capture headlines this coming week and make the markets behave like a yo-yo. The news media will hold interviews with financial pundits who will forecast bad outcomes. That’s what they do to attract your attention. But, my experience indicates the markets will be affected only in the short term due to Greece’s mounting problems and will appear as a mere bump in road when looking back from a future vantage point.

Nevertheless, we will monitor whether interest rates for Italian, Spanish or Portugal government bonds jump. If so, this is a sign these countries may have been affected by investors pulling their money like what is happening in Greece– that could lead to a more serious problem. We suspect this will not occur; but, we will closely monitor nevertheless.