Dead cat bounce

Banks take a cut and EU governments bail out Greece. Or rather lazy Greeks. And the markets around the world zoom up. What is the rational? And AUD rocketed up because lazy Greeks do not have to work harder to pay their nation's debt. Nice! And not nice because a high AUD is terrible for our economy.

Of course, our market will rise too especially with commodities jumping up but the higher AUD dampens the higher prices.

There is Italy lurking in the background. So this is still a dead cat bounce. Buy only what is valuable which has been sold down and likely to make lots of profit. Gold (producers)! Gold (producers)! Gold (producers)!