Welcome to The Livermore Trading System! It’s time to make a change in your life. This week the news has all been focused on the Greece financial situation and what will happen if they go under. In fact, what will happen to the rest of the PIIGS? Portugal, Italy, Ireland, Greece and Spain. I cannot really speak on the issue of all of them going under together but it occurred to me that Greece has a population of about 11 million people. So you might think that their default will be ruinous of the global stock markets and the entire world’s economy but think of it another way, the state of Georgia (Go Bulldogs!) has over 10 million residents. If Georgia went bankrupt I do not think the world’s economy would come crashing down. It might hurt some municipal bond holders and state employees. What I am saying is that it is much to do about nothing. Perhaps the Greeks need to work past the ripe old age of 50, that way they would be like the rest of us and contribute to their own success. I guess they say why work when the Germans will take care of us? Good luck on that! Bottom line, as long as the media is harping on the collapse of the markets know that this bull market’s run is not over yet. Now go make Jesse proud!

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