Another date for your diary...

..is 25th January 2015 following hard on the heels of the 22nd January date for the next ECB meeting which I mentioned in my previous post about QE. This is the date of the Greek election which seems to be spooking people and the politicians in particular, as it looks like the Syriza party which I believe favours defaulting and leaving the Euro looks like it might win.

As there is no mechanism for a country leaving the Euro this could be "interesting" to say the least. Perhaps it might also mean that the ECB holds off on the QE just in case more dramatic measures are needed after the Greek election? You can read more about this from the economist who did the QE video here if that is of interest.

It was also interesting to see David Cameron on the Andrew Marr Show debating his record and our future in or out of the EU post the next election. While Neil Woodford, whose firm I mentioned in my last post, also suggests we are approaching a crunch time for this in a piece in the Mail on line. See the highlight links if you want to read / see more on those.

So plenty of political risks out there in the short term and for the year ahead in Europe and the UK so probably not a time to be to aggressive in the market as perhaps January, as Mark Twain said, may also prove to be a dangerous month to invest.