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Purgatory and Greece



March 07, 2012 – Comments (3)

1. Do you think Greece will default in the next 3 months?

2. Do you think Spain will leave the Euro Zone?

3. How will the Eruo Drama affect the U.S?

4. Are you buying stocks with much caution?

5. Will Israel go to war with Iran? - that's scary

6. Has the banking system in the U.S. learned it's lesson?

Sorry didn't have nothing to blog so I thought I'd ask some questions :)

3 Comments – Post Your Own

#1) On March 07, 2012 at 3:41 PM, awallejr (35.58) wrote:

1. Greece already has defaulted.

2.  I don't see Spain leaving.

3.  Gives the media something to talk about to a point where I am so tired of listening to it.

4.  I add to holdings on dips and will continue to do so with the income generated from my holdings.

5,  This is the one that concerns me the most.  On the one hand we can't let Iran get a nuclear weapon.  And on the other hand no sane person wants war.

6.  It is all about the swinging of the pendulum.  Right now banks are overcautious.  Down the road they will be less so.

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#2) On March 07, 2012 at 5:09 PM, Teacherman1 (< 20) wrote:

Hi Tagit

Still buying stocks based on the company and not paying a whole lot of attention to Macro events.

Buying low (hopefully) and adding when they get lower.

If the world comes to an end, it doesn't really matter if the market is up or down, if it doesn't come to an end, buying cheap will eventually pay off.

Day to day, it is business as usual; somebody sneezes and the herd panics, some body says it's just a cold, and the herd comes back.

Reminds me of some of the 2009 days.

Hope all is well with you and yours.

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#3) On March 07, 2012 at 5:37 PM, DJDynamicNC (42.06) wrote:

1) I think Greece will ultimately default but I can't put a time frame on it.

2) I don't think Spain will leave, nor will they be kicked out.

3) I think increasingly the Eurozone is going to point to the US as a success story; our recovery is sputtering but our halfhearted stimulus was still a lot better than their austerity, which has forced the entire zone back into a recession (though I'm sure the righties have some other rationalization for why their pet austerity theory has failed miserably)

4) You should always buy stocks with caution. I'm not buying heavily right now because stocks are soaring and value investments are hard to find (but they're out there!)

 5) Out and out war, no. Might target a reactor but I don't think they will. I could be wrong though. They have been slowly becoming more orthodox conservative and religious, and religion tends to make people more willing to kill other people (as it represents a tribal differentiation).

6) Yes, the banking system in the US has learned that it needs to pretend to be contrite next time it asks to be bailed out for it's bad bets.

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