paddington bears - bend at the end tuesday, page-91

Spanish 10 yr bonds nearly 6.4
Italy nearly 7%
Two of europes bigger economies seeing massive increases in their debt servicing costs.
Earnings globally falling at similar rate to GFC
How can one see positive fundementals in the market. I agree with Pisces one can still buy value from a stock specific point of view but the reality is if the all implodes, even cheap stocks will become much much cheaper.
Global recession around the corner IMO
Sometimes you just have to look at things simply, if you have a home that is fully geared, have a credit card that is maxed and your current income is just servicing your debt, and every day your bank is putting up you rates, and your only option is to borrow more to pay your interest bill - then things aren't good. How is Europe any different. even the bulls on this forum ( stockplaya and disco) have admitted they know the market is stuffed - so if things start unwinding - who will step up to it the market - very few IMO