Greek stock market bubble at 1,500 units. It will force a correction of up to -400 units. But then you have these eight arrows

The Greek stock market is a bubble.
Like it or not, whether you are a professional in the field and betting on the rise of the market, or whether you are a regular investor, the Greek stock market is a bubble…
You will say… that the government here wants the stock market not at 1,500 units but at 2,000 units because in this way it will be able to create wealth and support the middle class…
The stock market at 1500 points and 2000 points would be a bubble…
Our scenario that we have presented is that the Greek stock market gets to 1500 points where the bubble will burst and it will correct violently… maybe even 400 points to recover after that… and the recovery will be very big.
We believe that the primary trend after this scenario will be up…
Some will say that the stock market is 1300 points..now..
We have analyzed that in 4-6 weeks from today (24 August 2023) the Greek stock market will reach 1500 units…
We appreciate that too DBRS from Canada You will upgrade Greece to investment grade September 8, 2023 and then Standard & Poor’s, Oct. 20
On September 15, 2023, Moody’s will upgrade Greece… aLala investment grade from Moody’s for Greece It will come in the second six months of 2024.

What stocks should we watch?

There is a general rule, when the wave rises, which at the mercy of the investment grade will intensify, then all stocks will recover and the dead will gain value.
This is what will happen… We will see dead stocks, stocks that previously had no interest in creating shareholder value, and we will experience that as well…

But we think 8 stocks should be looked at very carefully…

Certainly all four major systemic banks as well Mytilineo, PPC, Stasinopoulos Group, OPAP are major companies and certainly Intrakat are construction companies, which will gain more value after the increase.

We believe that in a period of artificial euphoria and bubble all that we will see From 12 to 16 months from now the following prices

Eurobank 2.5 euros from the current price 1.56 euros, up 60%
National 9 to 10 euros from the current price 6.43 euros, up 40%
Alpha Bank 2.40 euros from the current price 1.54 euros, up 55%
Piraeus 4.8 euros from the current price 3.25 euros, up 48%

Mytileneuse 45 euros from the current price 35.60 euros, an increase of 26%
PPC 14 euros from the current price 9.95 € 40% extra
Obab 21 euros from the current price 15.15 euros, up 39%
Intercat 4.5 euros from the current price 3.03 euros, up 48%

We believe that, unlike in the past, investors should own bank stocks, as they will be a beacon and benchmark for the stock market.
Don’t be afraid of bank stocks, even in a bubble era…
Of course, if everything is empty, the banks will shrink a lot, but we have not yet reached that stage..we are in the stage of inflation..

Bank shares should not be dealt with With the assumptions of the past 10 years but with the dawning of a new period where consolidation has been achieved and growth – even if creeping – will dominate…
Of course on the other hand, there is a strong argument…. Bank profits are a bubble because interest income… is fabricated by the 3-month Euribor rate of 3.80%… by the ECB

www.bankingnews.gr