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The Greek equity market is up 136% off its recent low. That's serious money. 9% isn't.

CORRECTION: The Greek equities market is up 36% off its recent low, right in line with the Italian market, and probably for much the same reasons, not 136%. I screwed up by using the wrong formula, which is an error someone should have caught. But so few read what I write that mistakes aren't caught, which suits me fine.

But the point I was making was this. Like bugs to a windshield, the naive are always drawn to investment opportunities beyond their means to understand or implement responsibly, all the while overlooking the really obvious, really simple, often better-paying things they should be doing.

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