Wait until more news comes....this whole Europe thing boils down to money being sucked out of the economy to pay debt. All they are doing is laying the roadmap on how to reduce the money supply.
The U.S. has to do the same thing next year.
They can print Dollars and Euros to try and inflate the money supply, but that currency isn't going to go into the economy, it'll just be on the books.
Its all stagflation, prices of stuff keep going up but people won't have more money to spend.
This is why the markets and PE's of all stocks need to come way down.
I see no changes to my ideas formed this fall...the play is short/put stocks and the market until debt/GDP ratios start coming in which can happen in 12-24 months depending on how quickly the governments begin to reel everything in....
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