Fears of European Debt Fallout Continue to Worry Investors
Investors were forced to juggle conflicting news stories today, as reports of more violence in Greece, plus concerns that restrictions on European spending could affect recovery in the U.S., clash with the release of unexpectedly healthy retail sales figures. Earlier optimism about the ability of a massive financial bailout for Greece to keep the debt crisis from spreading is being pushed aside by concerns that it still won’t be sufficient. And now there are growing fears about a negative ripple effect that any European pullback in spending could have on the still fragile U.S. recovery. In direct contrast to all…
