Plunge In World Stocks!

We have just rode the financial storm, which struck the entire world around 18months back. We thought the worst were behind us, and better times lie ahead, at least for a couple of years. But this latest report, seems to again send shock waves throughout the whole world. The report as follows illustrates the latest development in world financial status : http://www.straitstimes.com/BreakingNews/Money/Story/STIStory_523826.html
In this report, it tells us that the Greek financial debts crisis became global, and many investors see this development as a sign of things to come, possibly another financial crisis worldwide, as illustrated by the quote that "compared Greek insolvency to the financial crisis 18months ago". Also displayed in this report, is that the progress in recovery of worldwide economy has drawn to a halt, and possibly, yet on another decline. In my opinion, the only way everybody, like we commoners, can be ready to combat what might be another financial storm on the horizon, is to scrimp and save whatever we can. Because when a financial crisis hits, we commoners will be heavily affected by it. But still, this is just an analysis, a prediction, so even if it does happen, it might not be as bad as it was projected, or even, it might not happen. So, in summary, save all you can, as it is a good habit to have, but not to read too much into it as it might not be as bad as we thought.