Hi Jurek

Do you follow the Greece problems as well?I just heard a report on tv about the Greece problem.It's rate is downgraded toward BB+ which is "garbage rate ".It looks not so good for other European countries as well.They stated Greece will probably need more money but also Portugal and next in the row is Spain.

So I think bourses will become to realize about the problems.The debt situation could have a huge drag on these countries up here and because their economies are weak the fact they are in the euro curruncie is not that good.Countries like Germany which have a good saving money record are not so in favour to throw money into a bottomless hole.

If you look to the bourses there seems to occur a crack in the rising trend.Also oil has lost some of it's trend.

My thinking is if next Q 's and summer season is coming what will be the effect later on.I wouldn't be surprised if in begin of the fall the markets could dip again if countries like Portugal and maybe Spain need some help as well.Where are they gonna found the money, if other countries up here which have put large amount in bank saving messures ,are not jumping to give some help .It's also not an item for politicians to tell their civilians they will support countries which played a dangerious game .

That will put a cap on markets.Until now I didn't buy back CLL .The markets are to overbought and the downside is bigger now then upwards move.

If markets come down CLL will follow despite the start of ramp up after summer.Oil could come down as well if problems get worser in Europe with more countries asking for help.