Today there is a moderately severe sell off of stocks for Greece, Italy, and Spain. Nearly all European markets are down.
Perhaps the sell-off is because of spreading unrest in the Middle East. Several oil companies are closing exploration operations, hopefully only on a temporary basis. It could also be from simmering sovereign debt issues for several European countries.
I notice that Russian markets are up a bit, probably because the country is an alternative to the Middle East or supplying oil.
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