This week’s Sentiment Survey special question asked AAII members about how Greece’s attempts to renegotiate its debt are influencing their short-term outlook for U.S. stocks. More than two-thirds of respondents (69%) said the Greek situation is not influencing their outlook. About one out of every five respondents overall (21%) said the Greek economy is too small in terms of its global economic influence to have a lasting impact on the U.S. markets. An additional 12% of all respondents think an agreement between the European Union and the new Greek leaders will be reached.
Nearly 18% of respondents said the situation with Greece is negatively influencing their outlooks. Many of these members said they are avoiding European stocks because of the uncertainty or view the situation as being bad for the European Union.
Here is a sampling of the responses:
- “Greece is a small economy and won’t drag down the European Union. Any impact on the U.S. market will be short-lived.”
- “I’m sure the European Union will find a way to compromise with Greece.”
- “The instability of Europe, including the Greek renegotiations, is one significant factor influencing my outlook.”
- “The unresolved issue makes me leery of both eastern and western European stocks.”
- “Not at all. Greece is a neverending saga of financial mismanagement.”