Markets, like most things in life, like certainty rather than uncertainty. The entire situation in Greece and the European Union has been one big bag of uncertainty for several months. The deadline for Greece to present the EU with a list of mutually agreeable austerity has past and the situation is now anyone's guess.
One thing is certain, this is another in a long line of "big, scary events" (Ken Fisher). All though history there have been big scary events that shake up the markets. The markets drop and then recover new highs and the only variable is when the new highs are achieved.
For investors, your response depends on your personal situation. If you are in the accumulation phase, lower prices are a great time to buy. If you are in the withdrawal phase, your decision is whether to respond and sell some or all of your holdings or stay the course and wait this scary event out. Your personal situation will determine the best course of action but it should have been determined prior to investing.
Give St. Marie Financial Advisors a call and let's talk about your personal situation.