Yes Brian I don't know if it will go so far but at some point all the debt must be reset or something like that.

It depend also IMO from country to country how things will be handled.Like the US we also have huge debt but here the saving money from people is among the highest in Europe + most citizins have their own house and properties.So in fact the state is poor but not the people living here.I don't know about situatons in the US or Canada and other countries but if that's also the case then solvents to for a solution will be different then those for poor countries like Greece and Portugal etc.The negative is they will recall it on the back of the citizins in forms of higher tax rate and other measurments.Therefor I don't see the economic situation recovering in a fast move.I think we are in for a long period with ups and downs .So those who stay in the market could be trapped again.

So how willthis reflect on our company.Oil will not hold that high level as well if more trouble and nervousness will come .That will reflect on CLL .Hope management will hedge again and not wait long .

Look to the chart.RSI support line is broken.We are now at 62 % fib support from latest uptrend but I think these will not hold.Then we have 50 ma line and the 1.60 level as well.Maybe sad for our long time investors but I like the downtrend.Have a lot of cash at the sideline and waiting for a move.

Just heard on tv that Spain is now on the news.Nasdaq more then 3 % down already.