Thanks WW for bringing this over.
Normally markets have waves (up and down) but this one seems to be just one big black hole! I would be a hypocrite to say that I am angry at what is going on over there as I am profiting from the situation, BUT, it is unfortunate that so many must suffer because of the greed of a few.
It is unfortunate at what is happening in the overall picture... well said 20.
But, I suppose, that's because we are looking at the results and how people are effected at this juncture, and it is sad to see the suffering this will all bring about, no question.
Another way to look at it, though, is as a teachable moment. What is happening across the pond is where we are headed in a few years. What is happening in Europe, in my opinion (banksters and banking policies excluded), is the only possible outcome of socialistic governments that have grown too big and are too expensive to operate any longer.
In the words of Margaret Thatcher:"The trouble with socialism is that sooner or later you run out of other peoples' money." This is the reality Europe is faced with today.... there simply isn't enough money for them to operate as they have in the past any longer. And to make matters worse, they are unwilling to cut their spending or the size of their governments because it's all they know. They grew up that way and it's almost impossible for them to comprehend any other way of doing things.
So, as harsh as it sounds, it's simply a matter of "you reap what you sow." Europe has spread the seeds of big, socialistic government for generations and now the harvest is here. Not to mention Spain took a HUGE gamble on unproven green energy policies and that has also bit them in the rear in a big way.
So, continue to profit friend, and pray that we are smart enough to learn from Europes mistakes rather than follow down the path they have forged.