"European debt concerns will not be fully alleviated just because a rescue plan has been cobbled together for Ireland as it deals with its banking crisis. The focus will now likely shift to other basket cases such as Portugal and Spain. Greece has a two-year lifeline before it defaults. This saga is going to continue for some time yet."full article"State and local government cutbacks are a higher prospect than haircuts for bondholders and as such those companies that have a relatively high concentration of sales geared towards the lower levels of government may well be nice "shorting" candidates.interesting linkmay
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