Volume dropped sharply on Friday in anticipation of the elongated weekend. Fears about what will happen when markets resume on Tuesday without a resolution to the EuroZone saga remain high.
The Euro touched below $1.25 last week and closed at a 22 month low. For what it is worth, U.S. equity...
It is going to be a big week of economic news in a holiday shortened week. We are starting with the Case-Shiller housing price report at 9am today and will work our way to the final GDP numbers and the NFP payroll report at the end of the week.
In between...
The huge rally last Monday held its ground for the week. The S&P 500 was up 1.7% and the NASDAQ 2.1%. There were some close calls as markets drooped a few times every day, but managed to pull out of its tailspin toward the close. Friday on the other hand...
China’s Flash PMI was once again in the contraction zone. For what it is worth, there will probably be more of the same to come as Europe continues its economic decent.
Already China is looking to access private investment for their banking system, ultimately looking to lay off bad debt on...
A long weekend to wonder what will happen with the EuroZone. With the Euro diving, the markets are on standby for any news that will provide a panic buy or sell signal. Facebook’s IPO is a disaster and we discuss some of the behind the scenes reasons for the debacle.
