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if market corrects.. which it should based on fundamentals.. it will do so in time even if all euro issues are corrected.. which is impossible
unless the china man or sand niggas buy up and support the euro bailout fund/bond issue, then would the skies would be clear...
they are trying to save crisis by paying off debt with more debt
only the US had the power and scope cuz they can print money like mad, the US treasuries are still good, and they have a no limit ATM in the FED Reserve
a few of the financials will come out of this OK, but this isnt the bottom yet, good time to avg down with small buys over the next 18 months
the greek thing is to avoid a flash crash scenario
italy and others will be really painful if shit happens..
but hey look at the bright side... the young ones can buy their portfolios cheap when that happens and quadruple their money in 15 years in their RRSPs
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