posted on Apr, 11 2012 @ 05:51 AM
Originally posted by TheOneElectric
You guys are ridiculous. It was less than a year ago that it was teetering on 10,000 on and off and everyone was calling the crash. Here we are, way
above 10,000 and people are calling a crash.
Get a grip on reality.
It doesn't take a lot for a government to pump this up a little and make it go away.
But, there is also a greater chance of Spain needing a bailout, Greece defaulting on it's debt, or a revolution in a European nation (and the chances
of all three happening at once are remarkably high too), and if that happens when the markets are weak it won't matter how much money a government
pumps into the system. It'll be like trying to pump up a burst balloon.
Relax, the crash will come. It is inevitable. Spain is a ticking bomb, and their bond yields have already passed the indicator mark for a bailout, one
that would not be affordable by the Euro nations.
Imagine, we already know that Greece will need another bailout or it'll leave the Euro currency. This is not theory, it's fact. The Euro nations can
afford this with the money they have in place.
But with Spain now indicating a bailout for them is likely too, this will be an impossibility.
Either Greece, Spain or Portugal will be leaving the Euro this year, what that means for the rest of us is open to debate.