Being smart with $$ -- Stocks are always where investors think they should be at that moment

Greece fire! Investors voted with their brokerage accounts Monday that the Dow was worth 350 points less due to Greece's financial woes.  Does that mean stocks will keep falling?  If they thought prices should be even lower, the index would have closed lower.  Stocks at any point in time reflect what investors collectively think they are worth at that moment.  Be careful believing that yesterday's prices will predict tomorrow's action.  Sometimes they seem to.  Sometimes they don't. Since Monday's close, stocks are up.
- Larry Pike, CFA, Client Priority Financial Advisors LLC
- www.clientpriority.com