In the dark on valuations, many investors will shun the shares.
Markets Stocks were mixed, with investors buying small companies but shunning blue chips.
For the last couple of years, however, investors have shunned that view.
When investors shun risk, as they are now, spreads widen.
There is also the risk that foreign investors in Europe will shun nations outside the monetary union.
Many investors are shunning anything to do with Europe.
Why are investors shunning gold if it is such a good indicator of inflation?
If investors are shunning stocks already on the market, it is not likely they will buy new shares.
Last month, when markets across Europe were plummeting, many investors shunned everything.
And some are making big profits in difficult markets that most other investors have shunned.