RE:HOPE MY WARNING HELPED..last week. Bought a few 1000 shares of atc, can,nkl,nes....maybe too early. Still 60% in cash.
Italy and spain cannot pay back at rates above 6% bonds and so default will put all world banks in trouble.
Unfortunitlely,margin calls and hedgies are now selling our great stocks to raise money.
The feds and other eur authorities have to pump liquity into the system overnight or this will get worse quick.
Gold will eventually be the big winner. But more pain to come first.