Bud...there have been 21 emergency summit meetings in 14 months. Tonight means nothing. To say its safer to stay out at near record low P/es is to assume the worst. To assume the worst is to assume the ridiculous. Europe will suicide?! Really?
You have been suckered by journos leading with bleeding. The world is fine and we dont need China as much as you think too! http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/8844646/World-power-swings-back-to-America.html
Ann: Fortescue Debt Offering , page-16
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