Volatility

Crazy! The European stocks jumped, the Dow jumped and the Australian roo will bounce on Monday, too. It is absolute madness the way the markets have been yoyoing.

Just because the Italian senate passed the austerity measures to pave the way for the bunga bunga king to exit, and the Greeks have decided on a banker to run the country, suddenly everything is rosy?? Government changes are just fingers stuck into a high walled leaking dyke. Greeks have to work, not protest. And soon it will be the turn of the Italian anarchists to savor the moment. The Europeans have a very high opinion of themselves and are overrated for their services.

I am not buying yet unless stocks are cheap or dumped for no good reasons. Logic does not exist in the current markets. Nice for me that cash is accumulating again.... from refund after an oversubscribed SPP and two stocks which were taken over by management or another company. The one taken over by management.... you can smell a rat but it is too difficult for small shareholders to do much.