There is nothing more poisonous for markets than fear and uncertainty. The ongoing turmoil in the Eurozone has done a good job of fueling this panic. Market participants can hardly think clearly right now and the environment is extremely reminiscent of the environment in the US markets in the early crisis during the Bear Stearns and Lehman collapse. There seems to be a complete lack of confidence in the ability for European leadership to come up with a solution on Greece, and the longer this takes, the more investors will price in the probability of an exit from the Euro. In fact, now it seems as though the question ... (full story)