Europe

There are factions in the EU. And every nation there has self-interest at heart. How they can get together is a miracle. There are several non-Euro nations and majority Euro ones. And of the Euro-denomination ones, there are two camps; one a pauper and the other not pauper.

Yesterday's clear division of Europe should send a signal that things are not right. Logically, the markets should fall. Yet, the fund managers read it differently. POG is up, AUD is up, DJ, Dax and FT are all up. Even the SPI is joining the bounce on Monday.

I am still buying what I think is good value. And it is great for RB to confirm 6 of my choices! The market seems to be ignoring good announcements; ie buying using its rectum instead of its brain. Who knows... in a few years' time, I could be revealed as today's fool!