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1. In this issue:
Europe: Immigration Policy
Greece: Running Out of Time
US: The Markets
THEY ARE TRYING
We are referring to the recent meeting
involving the European Commission in terms
of the ongoing immigration problems. It is
obviously becoming more and more of an issue
and it has to be dealt with before it becomes
even worse and more people die. The incident
in which more than 700 people died earlier this
week is unacceptable and actions must be
taken.
Therefore, the Commission did meet in a very
quick fashion and for this we should be
grateful. How much was accomplished
remains to be seen but at least they appear to
be making the effort. It is a very complicated
situation and many factors must be
considered. We realize from the many people
that we have talked with, that it isn’t a popular
issue and the last thing that people want is
more unwanted immigrants coming to Europe.
It is, however, a further reminder of how good
we have it here and how desirable it is for
people to come here. They are willing to risk
anything and everything to do so and that is
simply a testament to how Europe is still a
haven to many.
In spite of the fact that many want nothing to
do with the immigrants, it is no longer an issue
that can be ignored and some concessions will
have to be made.
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WEEKLY REPORT
April 27 - May 4 ⌘! Issue 17 / Volume 15
Already more funds are being allocated and is
more of a united effort as opposed to an Italian
effort. This is only fair. There is some kind of a
plan tentatively in place but it may be more
wishful thinking. The funding has been
increased but it still amounts to only nine
million euros a month. Is this really enough or
is this simply a band-aid?
There is also a plan to destroy the ships
currently being used by the human traffickers.
In addition, those deemed ‘European Worthy’
will be parceled out among the member
nations. This, in and of itself, appears to be an
arbitrary system. But, for lack of a better
solution, it will have to do for now and it will
have to be given a chance to work. We can only
hope for the best but we are happy that at least
those in power are trying to do something. It is
still so new that we will evaluate how it is
working in the weeks to come. We can only
hope.
GREECE AGAIN
Greece is running out of time and the door may
soon slam shut. They have just about run the
course of their options and the clock is ticking
down. As much as there are many within the
European Union who want solidarity and want
the Union to remain intact, the feeling is that
Greece is just too unstable and
uncompromising to get it together in order to
meet their creditor’s demands.

2. FOSTER ELLIOT WEEKLY
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Also, when given the fact that they have their
New Leftist government, the issue even
becomes more complicated. Merkel has tried to
maintain the peace but she is not alone in
making the ultimate decisions and can’t act
unilaterally. She has maintained her vision and
has all along tried to walk a fine line between
her own country and the European Union itself.
And we have to give her credit but this may be
more like beating a dead horse.
It should also be pointed out that Greece and
their new Prime Minister, Tsipras, didn’t exactly
help their cause when he ran to Moscow a
couple of weeks ago. Playing one side against
another is perhaps their version of ‘high
politics’ but most of Europe remained
singularly unimpressed. Talking about biting
the hand that feeds you.
The truth of the matter is that there were
mistakes made all along the way. The
conditions that Greece were expected to fill
were unrealistic and unsustainable. The money
involved was just too large a sum and there was
no way they could pay it back. And five years of
austerity was simply too much to handle and it
has affected everyone involved.
The question now becomes where do we go
from here? Greece is on the clock and they have
a deadline. They are expected to make a
payment in the coming weeks and if it is not
done, further ‘loans’ will not be forthcoming.
Bankruptcy would be imminent. In terms of us,
we refuse to make predictions. We have never
been fans of the Greeks and therefore we would
be somewhat biased. Apparently we are not
alone in our thoughts and we will continue to
watch the situation closely.
THE MARKETS
We should first say that we are so happy.
However, that happiness is tempered by
the fact that we are also embarrassed.
Where do we begin?
Over the course of the last two years, we
have, on occasion, touted various stocks.
We don’t generally do this because we
don’t want to take the responsibility for
your portfolio selections. How bad would
we feel if we made a bad choice and our
loyal readers suffered? However, it should
be said that we have done it three times
with unbelievably positive results.
It started with FACEBOOK when it was
lingering in the 20USD range. Needless to
say, it turned out to be an incredible choice
with the stock more than quadrupling
since we touted it. On options alone, one
could have made much more than their
original purchase price. We did the same
with Apple when it hit 449USD a share. As
we all know, it had a reverse split at a seven
to one ratio. Therefore, when we do the
calculation, it has basically doubled. Once
again, if you sold some options, you would
have made a small fortune. And then,
finally, as a joke, we recommended WWE at
11USD a share. The stock immediately
took off and reached 17USD within a
month. At this point, we got cold feet and
recommended selling. It has since tapered
off but still is holding its own.

3. FOSTER ELLIOT WEEKLY
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So the question becomes why are we
embarrassed? The answer is that we couldn’t
pull the trigger and commit to our readers. We
had been looking at Microsoft for a while now
and we thought it might be a good buy
especially when it was barely scraping forty a
share. However, on Friday it went up by more
than ten percent and the bottom scraping is
now over. And we regret not sharing our feeling
with our loyal readers. We believe it still has
upward momentum but the bargain basement
price is unfortunately a thing of the past. We
apologize for not pulling the trigger sooner.
In terms of the markets in general, we must say
that we are thrilled. One and a half weeks ago,
when the Dow tumbled by more than 270
points on Friday, we must admit that we were
very scared coming into a new week. After all,
we wouldn’t have liked to see further carnage
on Monday. As it turned out, this was not to be
the case and the Dow climbed more than 200
points on the day. Once again, and we don’t
want to sound like a broken record, it has
shown remarkable resilience. It has shown the
ability to bounce back every time in face of
daunting odds. It has been a pattern that has
continually repeated itself for the last five
years. For the week we are now perched close
to another high. In terms of the S&P500 and the
NASDAQ, a new high has been breached. In
other words, we are in a great position!
As for gold, the outcome is not quite so bullish.
It had been stable and even going up but this
week saw it fall once again below our coveted
‘support level’ of 1200USD.
It is very hard to get a read on this precious
commodity. It goes up; it goes down. Not much
movement either way. For our purposes, we remain
cautiously bullish and are still not considering selling
our position.
ANOTHER WEEK
This week we basically kept it within Europe.
Next week, who knows? One thing we do know is
that our dear Mr. Putin has been remarkably calm
lately. Is this the quiet before the storm? We are
not used to such silence and we almost find it
eerie.
In terms of next week, we plan to keep an open
mind. There is always news and that is the name
of the game. We do want to introduce our
billionaire’s column and we are currently seeking
a relevant topic. As for the European
Commission, we can only hope that their
endeavors are successful. We feel that their
efforts may fall far short of what may be needed.
In any case, we will certainly try to make it
interesting. So now we want to take the time to
wish you all a great week and, more importantly,
we hope that you make lots and lots of money.
That is what we are here for. Have a great week!