So Greece didn’t get a celebration rally in the US, Spain’s turn to shake confidence. I’m watching support levels, if they are not breached within this month the market could be bottoming out. Many EU governments are talking stimulus and fixing the problem, this will help sentiment, plus London Olympics coming up in July, let’s see how things unfold. As always, position size for your objectives.
Check out these links on the latest and greatest at the Group of 20 leaders — if these guys can’t fix the problem, I am sure after the next elections – we’ll see new faces (we already started to see with France’s vote! And my guess — this is Obama’s last!)
http://www.bloomberg.com/news/2012-06-18/obama-in-mexico-to-face-european-crisis-threatening-u-s-economy.html
http://www.bloomberg.com/news/2012-06-18/brics-to-announce-imf-contribution-at-g-20-meeting-brazil-says.html
http://www.bloomberg.com/news/2012-06-17/u-s-stock-futures-rise-as-vote-signals-greece-in-euro.html
