Prediction for this Week's Trading: Pain
Last Friday was bad enough, now we have more uncertainty to look forward to which means volatility is going to be the true winner. Here comes the pain.
Monday's open is going to be a bloodbath, just don't open your portfolio, you'll feel better. France and Greece issues are going to take stocks lower in a huge way this week. Socialist Francois Hollande was elected president of France. Greek voters flocked to anti-bailout parties, stoking concern austerity efforts in Europe may be derailed.
There's nothing pretty about it, U.S. futures are down another 1% across all the major indexes Sunday night.
Best of the Blogs
Scanning and identifying the best blog entries every hour
- Monetary Lunacy At Work: IMF Puts 0.05% "Floor" Under SDRs | ZeroHedge
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- Daily Scorecard | iBankCoin.com
- FOMC Ends The QE Dream, Keeps "Considerable" Period Hopes Alive - Full Statement Redline | ZeroHedge
- Who Will Win This Next Pennant? | iBankCoin.com
- Thank You US Taxpayers: Russia-Ukraine Agree Terms On Gas-Supply Through March | ZeroHedge
- Where Is The "Low Gas Price Spending Spree": Consumer Spending Tumbles At Fastest Rate Since October 2009 | ZeroHedge
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