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The Solution to Greek Problems?

petermat50 2010-03-09 04:45:26



Well.. the latest Greek news is that, apparently, Germany has advised them to sell off some of their islands to pay their debts and the Greeks have retorted by asking the Germans to
return all the gold they stole during World War 2. Good luck with those strategies everyone. Whilst we have experienced professionals conducting negotiations in this professional and mature manner, I don't think we need have any concern about sovereign default. Particularly since the whole
thing is the fault of nasty CDS speculators anyway. Against such a backdrop equity markets just trundled along enjoying the show and finished pretty much where they started. CDS indices
(boo, hiss) tightened again amidst a raft of new issues, DirecTV, BOA, BNP, Ameriprise,  the "Bank of
England" (why would anyone buy those?) and others- over $10 billion worth by my addition. Data today- consumer confidence in the USA, BRC retail sales and trade balances in the UK. Markets will look for some reason to resume the bullish trend, no doubt. Personally, I am struggling hugely with advice to put my ISA into stocks this year- if I decide to- sell everything, it's usually the right thing to do when I invest! Happy Tuesday.

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