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STRATEGIES TO BUY MORE TIME IN EUROPE

|Includes:AA, AAPL, BAC, C, CAT, DBA, DBB, DJP, EEM, EFA, EPI, EWA, EWC, EWD, EWG, EWI, EWJ, EWS, EWY, EWZ, FXE, FXI, FXY, GDX, GLD, GS, IBB, IBM, IEF, IWM, IYR, JJC, JJG, KBE, QQQ, RSX, SLV, SPDR S&P 500 Trust ETF (SPY), TLT, UGA, UNL, USL, UUP, WFC, XHB, XLB, XLE, XLF, XLI, XLK, XLP, XLV, XME

 
 

At the end of last week we had a G20 statement which was long on words but short on action. The IMF followed on Saturday with another statement in the same manner. IMF head Christine Legarde held a news conference which was frankly useless but typical as these things go. Her most significant answer came from a question posed by a Greek reporter: "What will the IMF do with these demands should there be great social unrest in Greece?" Her response: "Implementation, Implementation, Implementation." (This statement meant previous agreements must be taken seriously.)
 

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