Monday, January 23, 2012

Buying Back Europe

Bull market doesn't want to die. I know, it's very hard to buy in this environment. You want to buy dips, but there are none around. Well, we play cards we have, not those we want.
I decided to get back into European stocks. It looks like Euro debt panic is subsiding. Today opened a position in Banco Santander (STD). It's the best Spanish bank, with branches around the world. Sure, it has a lot of problems with Eurozone debt, but it will survive. I don't think of it as a long term investment though, I don't really like banks. But it should do fine in the nearest future. I think.

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