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oil prices lost 25% in the last 3 weeks. i would wait to buy as it would look like catching a falling knife. on the positive thing is that probably the euro bottomed against the aU$ and even if those eu shares goes down you would still make money in AU$

An investor think he knows what he is doing and he is confident he will be right in the long term. a good Trader is a bit like Rory Robertson and has no real clue on long term fundamental and play by the day. also an investor that borrow to invest is not an investor, he just move the money...

trading and speculating is important, when you go short on banks and long on mining you diverge the money in something productive, the other way around is just put money into service. same thing into housing you put too much money into housing and you take it out from other places. so trading...

I agree with you, it is so true PIGS are in trouble because of expensive commodity prices that expose their living beyond their means. Any commodity price drop will greatly benefit those country now in trouble with a much more sustainable trade position (specailly oil related commodities)