Panic

The Dow and other indexes dropped quite a bit today. Investors are not buying the line of bullshit coming out of the European heads of state. There was a blip up yesterday. All gone now. S&P is apparently in the negatives after today's performance.

Investors have purchased bonds from Greece. Greece is supposed to pay the investors back with interest. You know, pay the frigging bills. Greece has already said they are going to tell half the bond holders to go fuck themselves. Now the truth is coming out that Greece has little Chance of paying off what is left in the next five lifetimes.

Basically, either Germany covers Greece or Germany does not cover Greece. That is what it has boiled down to. Italy, Spain and even France are broke. Italy has always been broke and still has a cluster fuck of a government. Always has. France is falling apart from some kind of identity cancer from within. I'm not sure what is going on in Franc, but it just isn't the same country it was before WWII. Spain, forget it. They just don't care what happens as long as someone else is paying for it.

Every couple of days the news says (I'm paraphrasing) "Something wonderful has happened. Europe is saved." Only, once you look at the details, it is more debt and more bail out of a bunch of assholes who have been spending five times as much money as they earn for the last dozen years. People get fed up with it. Thing start to burn. Then some wonderful news comes out again. and the cycle repeats itself.

Investors are starting to wake up.