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Greece and your portfolio - time to panic?

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Saxo Bank's Head of Macro Strategy, Mads Koefoed, assesses market reaction at the beginning of what is expected to be another turbulent week as the Greece saga drags on. 

The Dax dropped by around six percent as European equities initially reacted badly to the threat of Greek bankruptcy. A certain sense of calm was restored as stocks rallied back to roughly regain half the initial losses.

Amid this uncertainty investors may well be considering options, including their own exit from the markets. But Mads talks through the timescales which are influencing traders' tactics.