Although the various indicators have not indicated that we are entering a bear stock market and the declining in stocks these few days is more likely to be a correction, please keep a close watch on PIGS (Portugal, Ireland, Greece and Spain). Like what I have mentioned last month, there is a potential for the issues in PIGS to become a big problem for the recovery in global economy.
If you have seen the Asian Financial crisis in 1997-98, you will understand what I mean. This could potentially be an European Financial crisis.
Keep a close watch on Greece.
Disclaimer: The content in this blog contains purely my personal opinion and it is in no way a substitute for professional financial advice. You should seek advice from a professional financial advisor with any question regarding your financial matters.
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