7th September 2011
Markets still remain on the edge after SNB intervention yesterday and the on-going Euro and US issues.
The ECB bought more Italian bonds yesterday to try and bolster the already faltering economy. Greece and Italy are all still threats and the chance of a Greek default by the end of the year is seen as a 50% probability by some analysts.
Investors either get involved and get steam rolled or you sit on the side lines and wait.
In markets like these were bank traders are having a hard time it is sometimes better to take an extended holiday and leave the markets to calm down.
Posted by Andrew Johnston
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