Thursday, April 28, 2011

Head in the Sand: Market Is Ignoring Worrying Signs From 5 European Countries

Bret Jensen submits:
It is quite a spectacle watching the market grind up on low volume day after day. I believe the day of reckoning is approaching for a myriad reasons. Higher gas prices, the end of QE2, the dire state of the Federal and state budgets, Middle Eastern turmoil, acceleration of inflation, the moribund housing market and a half dozen other core challenges. Personally, my biggest concern is the European Debt contagion, which is getting worse by the day and which the markets seem to be completely ignoring. Here are five countries in Europe that are problematic and bear watching. Personally, I don?t think we will successfully make it through the summer before the markets hit a major landmine due to the situation in Europe.
  1. Greece ? Where do you even start with Europe?s first bailout? The debt markets are basically telling you that Greece is not going to make it without

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