Club Mulgoa

Monday, February 13, 2012

Greek bounce

Don't believe that everything is rosy just because the markets reversed when the Greek parliament passed the austerity drive. The underlying problem hasn't gone away. A Greek bounce is the same as a dead cat bounce. Greeks are still on the street and not working.

Whatever you do, do not borrow money to buy equities. This is greed and gambling. Until you can see real recovery, it is a purely speculative to invest using debt. It is impossible to find the trough in any cycle. I only invest using money that I earned or from recycled stocks.

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