The Dow Jones Industrial Average
Greece is once again in the news amid concerns that not enough investors will go along with a March 20 bond swap that is needed for the country to meet the amount it owes. If not enough investors agree to participate, Greece could force a majority-wins vote, but that could trigger credit-default-swap payments and rattle financial markets.
Cyclical materials and construction stocks Alcoa
Naturally, bank stocks took it on the chin, too. The big five banks, Citigroup
Hopefully, none of these risks to the economy will materialize, but if things continue down this path we may see cheaper stocks and another buying opportunity. If you're interested in one stock that our chief investment officer picked to crush the market, check out our brand-new report, "The Motley Fool's Top Stock for 2012." It highlights a company that is revolutionizing commerce in Latin America. For a limited time, you can get instant access to the name of this company for free by clicking here.
Ilan Moscovitz doesn't own shares of any company mentioned. The Motley Fool owns shares of JPMorgan Chase, Citigroup, and Bank of America. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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