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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 414.48+0.7%4:00 PM EST

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To: TobagoJack who wrote (80878)10/5/2011 3:01:29 AM
From: Maurice Winn2 Recommendations  Read Replies (2) of 219172
 
Felix is false. < Felix explains that Greece is bigger than Lehman and thus we can expect more market turmoil than in 2008. Felix also explains that he expects higher gold prices in the coming months. Felix quotes Einstein’s definition of insanity: “doing the same thing over and over again expecting different results”. >

Lehman Brothers, Fannie, Freddie, Citi and others combined were hugely bigger than Greece and the housing market of the USA was over-inflated so that Greece's negligible financial woes are minuscule by comparison.

There has been 5 years of getting used to the demise of Peak Housing, with vast market clearing already done.

Greece is a side show by comparison. Nobody is going to be surprised by Greece defaulting. Iceland, Ireland, Greece.... ho hum.... not a big deal. Even throwing Spain and Italy in there with Portugal as seasoning barely makes a meal of it. So Club Med has a siesta. What's new? I'll have souvlaki with a Portuguese dressing.

Felix quoting the same slogan over and over, letting that do the thinking for him, is the definition of insanity.

Mqurice
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