cebenomic's open, shake out up n over thursday, page-117

So if no one believes the Euro bailout will eventuate where does that leave us?

Markets are pricing a failure of the bailout currently due to Popadums Referendum call.

What sane person would vote for lower salary and higher taxes? The greeks will say thanks but no thanks so Greece will say no to the bailout as "That is what the people have decided", declare bankruptcy (as if they can doing anyhting else even with the 50% leeway offered them)

Add to that Spain has elections coming so they will vote out of the bailout also.

Then, where do the Euro bailout funders get the $trillion for the bailout in the first place? China say no and then they have not a leg to stand on so no bailout even if the PIIGS accept the terms.

Back to square one. Markets are going up and down and getting nowhere. Same prices as 3 years ago.

Keep your ammo dry and reap the bargains yet to come imo. By all means trade by day but to hold overnight is risky business indeed.

Just an opinion from a dyed in the wool bull.