Developments I'm Expecting

Over the next several days I expect the Greek debt crisis to be resolved. This has been one of the reasons the world markets have been soo volatile over the past several months. Greece is economically doomed and will be back to the table in relatively short order for more financial help from the European Union. If Greece were allowed to default on its debt obligations to other countries, it could cause a ripple effect which would crush the global financial markets. I'm not quite sure if the markets will respond favorable but I expect that they will for at least a short period of time (especially European markets)...I'm looking to add to my International mutual fund holdings as they should do well in the aftermath of the deal. All that being said, I still think the U.S. markets are not positioned well for a good performing summer as they will probably trade sideways. On another note, famed investor Carl Icahn, who many believe is one of the best investors of all time and whom many follow and heed his words, came out this morning and said that he believes the U.S. stock market is "overheated" and he believes stocks are overvalued and are ripe for a selloff. Food for thought