Chuck a Stock market question

[olevetonahill]

You know a rock is smarter than me when it comes to this stuff, But why is the Stock market falling because of Greek Debt? :confused:

http://news.yahoo.com/s/ap/20100319/ap_on_bi_st_ma_re/us_wall_street

[Chuck Bao]

You know a rock is smarter than me when it comes to this stuff, But why is the Stock market falling because of Greek Debt? :confused:

http://news.yahoo.com/s/ap/20100319/ap_on_bi_st_ma_re/us_wall_street


I haven't read that article yet, but the market is always prone to uncertainties. For several months, there were worries that the contagion would spread to other European countries. Then, we had the Greek government agreeing to austerity measures and then that was countered by street protests. The latest seems to be that European countries won't bail out Greece and so it will fall to the IMF to do something. That is not a good sign and equity markets world wide should be affected.

[royalfan5]

Plus, if Greece defaults the dollar will surge against the Euro which will make US exports less competitive.