Fears of Domino Effect Pervade Europe

Contagion fears re-emerged in Europe as investors turned from Ireland's debt crisis to dump Spanish and Portuguese bonds. The euro slid below $1.34 for the first time in two months. In the U.S., unease about Europe and the events that Korea combined to push the Dow industrials down 142.21 points. Treasury prices jumped. Spain mounted a campaign to tout its deficit-cutting measures and defend the stability of its banks. From the looks of it they are all screwed I do not know how they can pull an one-eighty in time before Europe goes bankrupt.