bmac,
agree except one needs to make an assessment, or find out, how long each european country can go with bond yields where they are.
Forget the headlines, and we all know its over, as martis says, but as I understand it, it could take quite some time for italy or spain to default. We all know the saying, markets can stay irrational....
Its really the interbank lending market which is a worry and the solvency of germany & frances major banks.
If there is no black swan we could melt up quite nicely from where we are.
The kerplunk is coming , but from where and when?
bmac,agree except one needs to make an assessment, or find out,...
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