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From The Outside In - PIIGS Update

Saturday, February 13, 2010, 5:58 PM
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When markets unravel big-time, the weakness almost always starts on the outside and moves inward towards the center.  We refer to this phenomenon using the phrase "from the outside in."  For more of my thoughts on this concept, listen to my February 2009 podcast, also titled From The Outside In.

I've been keeping one eye on Greece's debt situation for awhile because it fits the pattern…a weaker state begins to fail, the contagion spreads, and the next thing you know, the world financial markets are in a tailspin.  At least that's the potential.

 

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