The Korean situation was a non event; well actually I wouldn't completely rule out a conflict in the near future. I'll bet they (Korean military) have all read Sun Zhu's The Art War, have you?
Anyway, confusion has hits the wires as China's vice premier Wang indicates that China pledges "concrete action" to stabilize Europe debt markets, later revised to "has taken concrete action".
Meaning? China has "done" something, maybe bought a ton of Greek junk bonds a few months back and now not interested in a second dose of EU debt buying, as Europe's weather woes plus debt crisis will pretty much KO the European bonds markets. With rating agency's going into overtime to downgrade 'core' European countries.
The market indicator is the Swiss Franc buyup and a Euro sell off; Europe now could be in for a major world of hurt as mother nature kicks in reality
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