Today I when I saw the news of the Greek “no” vote, I made a loud groan. My twelve year old son, who often talks to me about the market, asked me what was wrong.
I explained the Greek situation, and how much chaos it was creating. He said “so dad, you better get ready to buy some stocks tomorrow!” At first I thought he misunderstood, so I pointed out that the market would likely go down as a result of the vote.
He replied “well yeah, but that’s when you buy, because it’ll go up again!”
My son, the mean-reversionist.