The Euro is on it's way to getting back to parity with the dollar.
Gold tanked above 1200.
S&P has provided you with a nice dip to buy and hold back to 1200 and some.
Then you should start planning to short the market.
Serious concern of contagion type crisis, this stuff spreads quick if it fires. Sell now and ask questions later is the mo. But like Dubai it can drift away like a fart in the wind as well.
If I should "invest" or take many months long position in this market there is no chance that I will do it befor the spy tested 200 day EMA.
May be they want to do it otherwise they can not attract "investment money".