However as VK has been saying in many of his posts....WATCH GREECE.
Could it happen here? Of course it could. We don't have the money but we are acting as if money is no object and hence keep on spending.

Remember the stock market direction is controlled by a very small number of what used to be called lead steers. They never lose.

Only when the public at large gets the shakes and decide to sell off and put their money in the mattress do things go awry. And again today SOME panicked.

What we should be concerned about is when other countries on the planet look to the IMF to be bailed out.....by countries like the USA that does not have any money either but they act as if they do. Let's just watch and see how much bail out support our illustrious leaders in Washington offer to those who are dumb enough to be in trouble but smart enough to ask those like us for a hand out.

We will see.

Could it happen here. Absolutely. We are well on our way with the current administrations irresponsible fiscal policies.

btk