PS Pisces, couldnt agree more on Gene Kelly, in the modern era of profesional athletes, he might not have needed to go to hollywood, 10/10 Gene takes olympic gold.
Hey 5hareholder, I'm cautious of your 3rd green circle being a top (wave 4 of 5 down then 3 wave up)
but my bias is that we are in wave 1 down of a flat drawn out wave C of the GFC run, a new low followed by 3 wave up
will be switching my super back to cash for a very marginal gain/loss on monday after a fairly poor entry a coulpe of weeks back. I'm just wary of the XJO 4140 horizontal resistance.
PS I'm an amateur at this game, it's just a very unqualified opinion.
As for eurozone, it may or may not stabilize the Eurobond market, but there is sweet damn all growth going to happen on the basis of 130bil Euro, its only about 30-40E per capita once off injection, compared to a good 5% of the population who have lost their jobs at say 10-20E per capita per week.
To my mind it isnt enough to create growth, it will no doubt put some kind of buffer against deflation even if only temporary, I wonder next; how much of it will actually genuinely make it all the way to the private sector, or will it be squandered by poor management & corruption, as someone already said, pink batts & a few gyms...is there anything long term out of that at all.
I assume the govts will also do their best to pillage as much of that to fill their black holes in their accounts, aside from the banking bail outs.
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