Thought of something this morning while reading the "business news". The headline says the US stock market follows Europe down over the Greek debt issue.
I thought to myself.... REALLY? So McDonalds and Coke and Caterpillar are going to be sold off because "WE" are worried about whether or not the Greeks can pay their bills. You know what.... I didn't get up this morning and change a single thing I'm doing or planning based on this kind of info. Frankly - I could care less if they're in or out of the whole "euro" currency thing - because I don't care about the "euro" - who's in it or what it's even all about.
What I do care about is whether or not the businesses I'm investing in are paying their bills - whether or not their sales are higher going forward - and what their willing to share with me as a stockholder. I looked around and didn't see a single company that I'm in that was dependent on Greece for their business.
What's my point?? The point is that the "news" can drive you crazy.... which is why I call them "talking heads". 10 years from now we won't even remember who Greece is let alone whether they "reformed" or not. It's like discussing a pimple. Greece isn't China. I'll get worried when China can't pay it's bills.
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