when we(US) go bankrupt we're taking the rest of the world with
us! 
The US market is not only serving the US domestic market alone,
nearly 1/3 of it stock values is traded by countries outside US.
When the french first started the stock exchange, one thing on
their mind is that human are greedy pigs, they will put
their money in hoping for a gain, we can provide that service for
them, and as times goes by, trading, which was suppose to
be visible, eg you give me cows, i give you textile in
return, become invisible leading to paper trading and now
electronic trading, and this type of trading is dangerous, because
no actual of exchange of goods take place can be deem as
exchanged in paper or electronic, and when after years of gain and
speculation, the stock or the capital is actually a void, and when
finally everyone start to realize the seriousness of it, panic
takes place, stocks and bonds become junk just like greece is
not experiencing and more so with other EU countries, the earlier
profitable moment and gain will taken by rich capitalist or player,
leaving the poor investor crunching on their lost....today STI 450
losers against 54 gainers.