Helium, MQG might be cheap right now, but a default will send the market in a tailspin and MQG crashing mid 20s. Confidence is already fragile and I believe a default would start a nasty chain reaction. The only way a default could possibly work without an ensuing panic would be to re capitalise banks before the events, have a sort of proactive TARP program. But you would need a political consensus in Europe, and it's not happening. Clearly there is a power struggle going on behind the scene between the ECB and the market and no one is sure yet how things are going to pan out.
Entering in now could be a great bet, but it is very risky.
For political situation read this bbc article:
http://www.bbc.co.uk/news/business-13510945
good buying?, page-10
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Last
$203.40 |
Change
0.520(0.26%) |
Mkt cap ! $77.70B | |||
| Open | High | Low | Value | Volume |
| $204.18 | $204.49 | $202.50 | $105.9M | 520.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 827 | $203.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $203.43 | 109 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| MQG (ASX) Chart |