Cisco Systems Inc (CSCO)

[Portguyofva]

The EUROCUP started this weekend and they are all playing nice this month. Europeans come together during the cup like Americans for the 4th of July x10. I think the Spanish bank bailout will be closer to $40B and DE and FR are already behind that amount. If it goes to $100B, that will definitely send a shock to the markets and create another buying opportunity.

I think Spain got a big wakeup call out of the Greece fiasco this past week ("the slap"). I think they know they have to buckle down and fix it, there is no white night coming to their rescue.

Even if Spain goes bad and maybe Italy too, it will be good for US banks after the media hype. Europeans have to put their money somewhere and that pretty much leaves it to DE and the US.
GLTY!