Will the Greek financial crisis have a major impact on European markets? Investors looking for a prediction on the outcome should take a “wait and see” approach according to the Chief Investment Strategist for BlackRock. Here at home, noted bubble watcher Jeremy Grantham recently spoke about triggers for deflating values in the U.S. stock market. CNBC reports on his speech to the Morningstar Investment Conference. Much as wealthy families hope to preserve their standard of living for generations, it seldom happens. Research shows the vast majority will lose it over two generations. There’s a way to prevent that, however, as Chris Taylor explains for Reuters.

Greece: Situation Unknown– While events have clearly taken a turn for the worse in Greece, Russ Koesterich of BlackRock believes the European authorities will make every effort to minimize contagion. He thinks there will be limited impact on European financial markets beyond short-term sentiment driven mark downs.  Koesterich provides his short and long-term outlook for Greece. Read more…

GMO’s Grantham: Not A Stock Market Bubble, Yet–  Notable bubble watcher Jeremy Grantham, founder and chief investment strategist at Grantham Mayo van Otterloo, is known for spotting frothy financial markets. He doesn’t see a trigger that would deflate valuations in the U.S. stock market … yet.  He warned about sky-high valuations in Japanese real estate in late 1980s, technology stocks in the late 1990s and the U.S. housing crisis in the late 2000s. Read more…

A Little Honesty Might Preserve The Family Fortune–  70 percent of wealthy families lose their fortune by the second generation, and a stunning 90 percent by the third, according to the Williams Group wealth consultancy.  Yes, the statistics may be grim. But just because most wealthy families see their fortunes evaporate within a couple of generations does not mean yours will.  Here are some strategies to avoid it. Read more…

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John R. Day, Bill Ennis, Stephanie Davidson and Matt Heller

Disclosure – The articles mentioned in Mid Week with Day & Ennis are for information and educational purposes only. They represent a sample of the numerous articles that the firm reads each week to stay current on financial and economic topics. The articles are linked to websites separate from the Day & Ennis website. The opinions expressed in these articles are the opinions of the author and not Day & Ennis. This is not an offer to buy or sell any security. Day & Ennis is under no obligation to update any of the information in these articles. We cannot attest to the accuracy of the data in the articles.