Club Mulgoa

Thursday, November 03, 2011

Greek PM is a bigger dill

He is supposed to be the leader making tough decision. Instead, he wants to hide behind a referendum. Not only do we have lazy Greeks, we now have a dill for their leader! After all the negotiations with nations and big banks, this idiot sprang a market surprise.

But Greece is so small, about the size of a pesky irritating mosquito. And it is holding the world markets at ransom! How can that happen? The contagion effect will only be short-lived. The Greeks can go on being lazy as long as those in Australia remains diligent and intelligent.

The volatility due to the Greek factor has been exaggerated. Just give a mosquito a swipe. I haven't been active but neither have I been dormant. There are still good buys around. Note that the POG has not been below USD$1600 per oz. And I have read more articles on gold stocks will do better than gold bullion in the near future as profit figures are announced. But good profits need not necessarily turn on investors! Just look at outcome when the Aussie banks announced their profits!

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