Global Market has started to show signs of weakness and market which has so long ignored the possible risk has now started to react and correction is in all asset class Crude corrected 13% while Dow corrected 8% in a week while Dollar Index has rallied China Stock market nearing 9months low and European markets has closed near 7-8months low. Global markets have rallied 80% last year and correction was due. Recovery in the economy was due to lower Commodity prices and Government stimulus package offered by many Governments and with Commodity prices more than double in last 12months it had the possibility to derail the fragile economic recovery.
http://learning.blogs.nytimes.com/2010/05/04/its-all-greek-to-me-understanding-the-debt-crisis-in-europe/?scp=2&sq=european%20debt%20bomb&st=cse Understanding the Debt Crisis in Europe
http://www.marketwatch.com/story/citi-sees-up-to-20-correction-over-greece-2010-05-07 Citi sees up to 20% correction over Greece
http://www.economist.com/opinion/displaystory.cfm?story_id=16063896 Greeks greet another government austerity plan, and an IMF/EU rescue package, with riots and violence
President Barack Obama said on Friday that regulators would look for ways to prevent a repeat of Thursday's mysterious stock market meltdown, adding to expectations the U.S. government will make new regulations to curb runaway computer trading. http://in.reuters.com/article/businessNews/idINIndia-48327320100508
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