Replies to post #12427 on Direxion Daily Financial Bear 3X Shares (FAZ)

[MinnieM]

I'm with you about the states being ignored by the media... those 3 states are in a scary situation. And, taken together, are a huge part of the US economy.





In Reply To 'Porgie Tirebiter'

I don't disagree with you about the Euro driving markets, but it's effect is overblown by the media, and for stocks it is already priced in.

It's the stuff lurking just under the radar screen that has the potential to drive markets going forward.

California, Illinois, and New York represent a much larger debt crisis than the "PIIGS" and it is being completely ignored by the media and the markets. And this kind of stuff really scares me: http://www.reuters.com/article/idUSTRE64T21820100531?loomia_ow=t0:s0:a49:g43:r4:c0.053061:b34516988:z0