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Strategies & Market Trends : 50% Gains Investing

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To: Dale Baker who wrote (104010)8/29/2011 3:51:40 PM
From: KyrosLRead Replies (1) of 118717
 
Makes sense. Ireland has a competitive economy. Portugal and Spain do not have that much debt really. Italy has a nearly balanced budget and most of the debt is held domestically. Greece is a real outlier in all these. If Greece is forced to default, it will probably abandon the Euro voluntarily and will have a few very rough years (even worse than now) before recovering. Yet the Greek stock market soared 14% today powered by the merger of two banks. I am somewhat mystified. I think the time to buy Greece will be a year or so after the default and exit from the euro.
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