Irrational Stupidity

I know the markets are suppose to be efficient but the action today is just irrational.  Sure, the news is not particularly good but all this worry over Europe is just stupid.  It strikes me that with all the bad news coming from the Continent the US looks GREAT by comparison.  Our stock market was very overvalued on a short term basis and a correction was due, but at these levels many quality stocks are very attractive.  For instance ,GE is selling off big time and the outlook for the company for the remainder of this year is strong.  Buying opportunities abound for those with some faith in the US economy.  Let the euro sink!!!  Buy American!!!

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