Contrarian Investor UK invests mainly in UK FTSE and AIM listed shares. Like famous contrarians, Warren Buffett and Anthony Bolton, he likes to take a different view to the crowd of investors. He prefers the short term, possibly speculative trade, to the long term hold and takes the view that it's about "buy and research" not "buy and hold"! This blog tracks Contrarian Investor UK's thoughts on the stockmarket and his portfolio's trades. Move against the herd with the Contrarian Investor UK!
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Tuesday, May 11, 2010
Appetite for Eurozone bail out fades
Markets across Europe and Dow Futures are all down today after yesterday's euphoria about the IMF/EU $1 trillion bail out faded. Concerns are being voiced that the deal will help countries like Greece and Portugal but deal only with symptoms not the cause of the problem. For example, systemic under payment of taxes is an ongoing problem in Greece which has only been marginally addressed. There still may be trouble ahead to ratify the deal since French and German voters are reluctant to help these weaker economies when they are seen to have caused their own problems with social security systems they can ill afford. The question is whether throwing hundred's of millions of euro's at these weak economies will ultimately postpone the inevitable defaults on their unsustainable debt.
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