25% Cash and Expecting More EU Gibberish

Dow which way to go? Up Steadily or Down Hard

This is the EU bailout repeat.    Still have to watch out for the bottom if EU politicians can not corral their troops and the Shorts win.

Sold 200 shares of BA today

Continuing to enlarge my cash position and wait for lower prices.  

From Summer Duldrums to EURO Greece Default - How to Make or Conserve $$$

The threat of EURO Greek default suggests a worst case scenario in the future similar to the LEHMAN Blowout.    That could bring the DOW down to about 6500 in an replica of 2009s Bank Defaults.    I think the possibility of Greece being kicked out of the EU or further bond write downs could be around 5-30% in the next 3 months.

Greek gets kicked out of the EU scenario - Banks and investors holding Greek Debt likely get shafted.    Bankers stop giving IOUs to eachother as they do not know who is holding the Toxic Greek Bonds (IOUs).    British, German, and French Banks catch a cold from the PIIGS.    The PIIGS banks on the Mediteranean get a solid hammering and possibly a few go out of business.   

Where does all the $$ come from to prevent Greek Default come from?   Do the printing presses just keep running up inflation.    Does Germany and France just get pay up?    Is there more papering over the problem?     Can the problem be solved after a good papering over?   Does the problem ever get solved?

What is the risk of the above scenario worth to equity investors?  

Sorry I barely know what the right questions are.    Let me know your thoughts on what the downsizing will play out as?

Bought 100 shares KFN and 50 shares NBR

Sold 200 shares of TRN on Tuesday

Just trying to get a larger position of cash ready for the EU banking to become a bigger problem.     Given the lack of political and financial EU organization there is definitely the opportunity to miss something in the next 3 months.