Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of NYSE Euronext
So what: Why? Across the pond, Chancellor Angela Merkel of Germany and French President Nicolas Sarkozy just emerged from a discussion of who's going to pay for all of Europe's debt. The answer? You guessed it: "NYSE Euronext." And InterContinental Exchange
Now what: Today's Wall Street Journal tells us there's no need to get upset about this and that Europe has mulled similar taxes in the past -- to zero effect. But I wonder whether this time is different. I mean, in the United States, Congress is now talking about possibly taxing home mortgage interest. That's considerably more sacred to Americans than capitalist profits are to European socialists.
Seems to me everything's on the table today -- and financial investors are right to be scared.
Will Europe carry through on its threat? Add NYSE Euronext to your Fool Watchlist, and keep up to date on developments.