Italy's "No" Vote Means There Are Short-Term Buying Opportunities
The Deal's Paul Whitfield looks at what's ahead for investors after Italians rejected constitutional reform.
The vote "no" on Italy's referendum could provide investors with short-term buying opportunities, according to The Deal's Paul Whitfield. Whitfield explans that investors who bought Italian stocks on the dips have realized gains, but he expects there to be more market volatility. He also notes that the results increase the risk that recapitalizations of Italian bank stocks will be pulled. Whitfield says longer term, Italy needs political stability to attract investors. Nearly 60% of voters rejected the proposals for constitutional reform on Sunday.
