"The European situation is increasingly deteriorating. While the events in Greece have been part of the broader conversation for why the stock market has been selling off in recent weeks, the relatively mild degree of the decline so far suggests that we have not even begun to price in the risk associated with the potential fallout effects from a Greece meltdown. The situation in Europe has the potential to become another episode like the Lehman collapse in September 2008. It could even become much worse. With a stock market that is already more than 30% above its long-term historical fair value, continuing to watch the indicators from Europe closely each and every day is critical to protect against swift and sudden downside..."
at http://seekingalpha.com/article/275482-euro-crisis-monitoring-the-alarm-bells?source=feed
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