Europe: Need I say More?

So, everyone is feeling pretty good that the market is still on the way up, however, in it has been a rollercoaster ride.  The problem is that Europe is still in schambles.  The latest is that Spain is screwed, even though it is the 4th largest economy in Europe.  The issue is that they are talking about a bailout, but in the age of bailouts, there is going to come to a point when there won't be anyone to bail anyone else out.  Spain's biggest issue is not the same as Greece in which the government workers had their retirement schedule and pension benefits restuctured.  Spain's problem is with their banks, and the fact that they are insoluable. 

The US survived the banking crisis, which in and of itself, was a joke compared to what would happen in Spain.  The reason for that is that the US is far more diversified in terms of available banks and that helps stem the problems caused when the there is a systematic banking crisis. 

So, the market has been increasing based on Apple and hysteria.  In a market like this, it is time to buy when there is a sector or industry that has been beat up for no logical reason.  We have to remember that the present day market is not the same market of the past.  There are more people who have no idea what they are doing, which basically throws a wrench in the market logic.  Since the market is illogical, you must take advantage of companies who have been oversold for no reason.  Peabody (BTU) is one of those.  Take a look and see if you can figure out why it is oversold.  As per usual, I own this stock and plan on increasing my position.  Good luck!