be prepared for roller coaster ride. EU soverign states debt are still unresolved, with the latest being Ireland, then follow by Portugal and Spain? whose next after Greece and Ireland? Portugal and Spain next?
watch this space in 6 months time.
You should be more concern about the strain this has on Germany having to bail out these economies.
Spain currently has a chronically high unemployment having spent so many years created by a bubble housing market and subsidies for solar energy which have crippled its government.
If these countries were to fail, the more serious issue is whether Germany will still stand by the EUR dollar as it has struggles to explain bailing out these countries to its own German voters.
Spain economy is twice the size of portugal, Ireland, Greece combined. Spain banks invested heavily in the real estate and the failed construction. if Spain need rescue, good luck to EU. I bet Germany may take drastic action like, maybe opt out of EURO and go back to German marks instead.
Spain is officially in depression liao.................unemployment rate over 20% long ago.........
the bear market will come when some country default or when some other derivative market crash agin.......
apart from that the big banks are still pushing the market............they're trying to suck out all profits before the crash...........