I wonder if, ala Cyprus, the word is out among the connected in Europe that something is in the offing with Spain/Portugal/Italy/France/whatever, and as a result, the connected are quietly moving into dollars. I mean how long does the Euro have?
I could see the Euro crashing in two or three months, and subsequent stories about all the connected knowing right now and moving out while the peons trudge along oblivious.
How bleak the future of the Euro, if the Dollar under the likes of obama and Bernanke looks like a safe haven.