This is bad news for the stock market ... the stock market that I do not understand.
For example why should the stock market go down because the EU is gone from a $1.35 down to a $1.25 ... looks like the stock market should go up if the USA can pruchase items from Europe cheaper, but instead it goes down with just a little bad news about Greece having cares and woes with bank loans.
In that small amount of time everyone's 401k goes down which by the way just made a come back from the 2008 banking scares.
Where does the money go anyway? The money that they get from selling on fear stories?
Where does it rest while not in stocks? Gold, silver, oil or is just numbers in a bank transfer account to collect at least some interest?
__________________
|