News Summary: How to profit from Europe's misery

AP News
Posted: Jun 08, 2012 2:55 PM
News Summary: How to profit from Europe's misery

STORM BREWING: Europe's debt crisis might worsen this month after Greek voters elect a new government. If they choose a party that wants to reject Europe's bailouts, markets might buck and dive.

SEEK SHELTER: Analysts and traders recommend thinking about junk bonds, which are issued by companies that tend to have less overseas operations. Some companies make boring, necessary products like dental floss that will always be in demand. And companies that don't rely heavily on European consumers for sales would be hurt less if the economy there tanked.

FBI, You Don’t Have That Right
Bruce Bialosky

BELLY OF THE BEAST: Even some European stocks fall into that category. When it comes to multinationals, a company's headquarters matters less than where it makes its money.