The soap opera just keeps getting better as the Austrians are withholding the next tranche of bailout funds to Greece. This should put pressure on the Euro currency and we should all know what that means. When the Euro declines the U.S. Dollar Index strengthens. If we have not learned by now the stronger U.S. Dollar Index deflates the major stock market indexes. Let us not forget about the 10 percent decline in the Shanghai Index over the past week. Stay tuned as we shall see how the central banks try to navigate out of this problem and try to prop up the markets.
