Monday, March 22, 2010

The Market On Monday

Welcome to Spring, and welcome to Monday.

Its a good day to go back to bed, very gray and dreary, but life goes on.

And then there's the stock market.

Don't even bother to look, DOW futures are way down over 100 points. This is in a word, nauseating.

The passed HCR along with Greece have instantly brought back more severe volatility. Investors are interested in selling. How far will it drop today? I would say its memories of January 2009.

CNN: Stocks poised for early selloff
"Investors are in the process of determining how the reforms will unfold and impact Wall Street."


But other factors could weigh on stocks besides health care, including the ongoing concern about Greek debt...
Reuters: Stock futures drop on Greece fears, healthcare approval
Stock index futures fell on Monday as the passage of sweeping U.S. healthcare reform and uncertainty over Greece's debt crisis revived investor risk aversion.

1 comment:

Glynn Kalara said...

I guess you could say HCR Greeced the path for the fall of the market?