Re: DreamboatAnnie's Account Talk
Originally Posted by
DreamboatAnnie
Wow! Waiting to see how it goes today and Monday morning and how much the market corrects for the news out of China. Everything so tied to world news now. Very difficult environment we're operating in. The F fund Bollinger bands are tightly contracted now. Definitely no move today.
Best wishes to all on your investments!!!
Should we buy gold?
IMO - It's Greece not China driving the news. We have been waiting over a year for the other Greece shoe to fall and see what Germany will do about it. When Greece was given the first loan, there was so much talk about the problem of the austerity program + EU control + Germany's power + kicking it down the road + consequences of EU defaults that I purposely went into my bear cave and missed some good 2013/2014 gains. But we all knew that we would have to pay the piper sooner or later. Loans are coming due and the economy has not improved enough. So Germany has two choices, provide more money to Greece (Italy, Ireland,...) or let the country go bankrupt (or something in-between). The markets are anticipating that it will not be a new loan, but maybe it will be something less than bankruptcy. The weekend should bring some clarity as the EU negotiates a solution.
100% I August 14 (cob 8/14). Trying it again until Oct.
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