Market Analysis

The sell off in stocks continues this morning, with the Dow currently down over 200 points.  This is despite the Conference Board's Consumer Confidence Index for May coming in stronger than expected.

One has to wonder why European leaders are not doing more to get in front of this crisis.  Perhaps there is an ulterior motive such as devaluing the Euro in an attempt to revive exports and give a boost to tourism?  It continues to be hard to imagine that the end game will be default but as long as mum is the word, markets will most likely continue to fret about the worst case scenario.