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
- Credit Markets Continue to Show Signs of Stress - Caution Warranted | Financial Sense
- A Detailed Look At This Morning's Major Market Moves | ZeroHedge
- Gold Surges 3.2% To $1,241/oz As Deutsche Bank And Other Stocks Fall Sharply | ZeroHedge
- Despite Huge Tail And Sliding Bid To Cover, 30Y Treasury Prices At Lowest Yield Since January 2015 | ZeroHedge
- Is The US Leading Saudi Arabia Down The Kuwaiti Invasion Road? | ZeroHedge
- Clueless Fed?! | Financial Sense
- BP's Stunning Warning: "Every Oil Storage Tank Will Be Full In A Few Months" | ZeroHedge
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