1st Casualty: Greece is officially in Recession 5-23-2011

We are celebrating for the 26th month continuous rally, but most of us are not aware, that this European area is now oficially in Recession..

I was just saying in my 5-22-2011 blog that I am pretty sure that next recession in our country and Globally will be a European Debt crisis or a possible default of a Billion Bond owed by a Country.

And now, Greece has finally come into a place where negative GDP Growth, 20% or more Jobless Rate, Negative CPI, 25% Per Annum interest rate for the 25YR BOND, 17% Per Annum Interest Rate for a 10YR BOND, A new LOW from the 2009-end recession, and a fresh 70Billion worth of Debt which can be given an example like a Bomb which is ticking and ready to explode.. 70Billion worth of Debt, being "Defaulted" means 70Billions burning cash of Investors trying to help this Country.

Now Negative Futures going really into Red territory, dragging down all the GLobal markets. Even though Asia is very strong, This is still the world, all TOP 3 Regions, ASIA EMEA and N.A and L.A. Regions, go with the same waves for Equity Markets.

OBama actually even went to Europe maybe to fix this problem, but I am being confident here, This european debt may be passed out in the short term, the expanding Debts all around Europe including Paris, will eventually explode and drag the whole market our of its Uptrend.

Short term, Outlook is still gloomy, Positive growth for U.S. and Asia Markets, a good chance to earn 20% for 2011 and 2012. Don't lose hope, we are growing Quarter by Quarter on our GDPs, nothing to be scared about for now, These bad news may be a good chance to buy on dips, but a good reason also to stay away from the market. But why is S&P downgrading each and every country in Europe (Paris downgraded from HOLD to SELL)- they know something which a normal investor DON'T know. I am betting and somewhat scared, a possible 2012 bubble burst.