For all those giddy about the collapse of the Euro... it will cause catastrophic effects on our market - so you should not be so giddy. Actually, with all the problems in Europe AND the problems with our own States pending bankruptcy (California, New Jersey, New York, etc.), you should not be jumping on any bandwagons. We are still facing major problems regardless of what the market is doing now.
I expect major drops in the world economy within the next few months which will make today’s market look like a bull. Hang on, the worst is not over.
Who is giddy about currency collapse? The only good thing from this condition is put the Neo-Keynesian failure of Big Gov in its rightful place. Oh and it might demolish the reps of fools like Stiglitz, Krugman, etc!
They are as vulnerable as U.S. So is China. We have sad spectacle in all three regions where so-called experts, politicians, and many ordinary people are in denial. Euros think they are less vulnerable and avoid the wort effect. China think they can deflect the crisis and prosper. U.S. thinks that they can solve this problem by printing money indefinitely.
The resolution of this crisis can only start when all three finally give up their denial. Then there will be major political fallouts, causing social unrest and international conflict.
The crisis is still at opening stage.
I’m not giddy about it. I wish everybody would behave responsibly so we can all prosper together... Unfortunately, we’ve screwed it all up. I think this is the financial equivalent of WWI. We going to see the wealth of generations wiped out.