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afternoon,

If greece defaulting is going to stop you topping up on a stock - you may as well get a real job :), or preferably go fishing."

Greece has made being in financial default an art form
"Greece's default on debt reached an almost pandemic reoccurrence at the turn of the century. Greece has been in default roughly one out of every two years since it first gained independence in the nineteenth century." -http://www.thediv-net.com/2010/04/greek-default-history-or-failure.html

In fact, if it isn't greece, it could be Spain, Ireland - almost take your pick - about the only one that probably can't default is the USA - because they can just print a few more container loads of dollars and throw them out the window to those who they owe the dollars to - who won't have any choice but to take them and light the bbq with.

Your feeling might be right for fml short term with a default - but if you are concerned about the timing - then my 'get a real job' suggestion isn't that silly - why?

Because if there is a default or a currency collapse - you or I won't be able to pick the timing - almost nobody will - so if you are truly worried - go fishing and come back after either 1. It happens and then you know when or 2. after a long while and the sun has been shining for a couple of years - and believe me if that happens you are going to have a loooong fishing trip.

If there is a default or some currency decides to become gold backed - all will be done - instantly, without warning - you won't have a dogshow of warning or guessing the time - unless you are psychic or similar.

Of course for fml after the dust clears from the initial blast, fml will roar back to life with a safe full of cash and probably bullion.

However, by the time that comes around we just might all be standing in between a herd of elephants on the banks of TI drinking Dom, compliments of the company and redned :)

It's a bit like people being afraid of being in the market in the last couple of years - just when do you think it is safe to get back in the water? Well there are a lot of people who are still out in cash - having got out during the gfc - probably late stage as well - well, those people have missed out on a great deal of the recovery - sorry, too late.

imo the worst that could happen to fml as long as those hands stay at the helm is that we might suffer sp damage for a while - but really, that is old stuff for lt's.

have a great arvo

Pinto