I tend to agree with Nimish, problems in China and PIGGS countries cannot go away fast. I think we should short all IT stock which have good exposure to Europe, can you please list advise which IT companies have maximum exposure to Europe, they are all very good candidates for Short, as Euro is falling and will fall so even faster as Europe themselves not convinced about their own bail out package.
More serious is this bailout package will bring down more of the Europe countires as they need to fund the bailout package from their own deficit, which is possible by selling more bonds, priniting more curriences, all not good for Euro. So far only Germany seems to be strong, even UK and France look weak. So more triggers are expected to the down side.