No matter what happens this weekend, it will not be good in Greece. They could either have a complete election stalemate, or the Greeks could vote to reject austerity, which means disaster. Ask yourself this question: who in their right mind would vote to have something taken away from them?
In all my years in the market, I don't believe anyone has seen anything quite like this before. It is certainly different this time. What does any good politicians do during this particular financial Armageddon that's continuing to build? They kick the can down the road, of course. What the world needs more than anything, in my humble opinion, are some real leaders to step up to the plate and figure out what has to be done. Let's face it, the Euro zone was flawed before it began.
The only way to trade these markets is to go with the flow. Use the Trade Triangles and don't fight the markets.
Post and prosper right here with other MarketClub members everyday. We welcome your thoughts and comments.
TODAY'S MARKET MOVING SECTORS and STOCKS:
Percentage changes in stocks are relative to the S&P 500
|CONSUMER GOODS: +0.04%||Biggest Winner NAV +8.19%|
|SERVICES: -0.02%||Biggest Loser LUV -3.10%|
|HEALTHCARE: +0.23%||Biggest Winner LNCR +4.96%|
|ENERGY: -0.09%||Biggest Loser FET -2.78%|
|TECHNOLOGY: +0.27%||Biggest Winner NUAN +3.06%|
|FINANCIAL: -0.04%||Biggest Loser BX -2.28%|
|INDUSTRIAL GOODS: -0.28%||Biggest Loser TGI -3.76%|
|BASIC MATERIALS: -0.03%||Biggest Loser HL -2.68%|
|UTILITIES: -0.51%||Biggest Loser NKA -4.38%|
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