At this moment on Monday morning the market sentiment seems calm. Given what we've seen in the last few weeks, it would be unrealistic to think that this is in any way the flavor of how the next few days may proceed.
There is a lot of turbulence out there given the repeated concern about European insolvency issues, the overall state of the world economy in light of the recession, and issues with high frequency trading and the investment and banking firms role in the mortgage crisis. All these things will creep back into the picture.
CNN: Stocks set to open slightly higher
...a day devoid of economic reports...Reuters: Futures edge higher on M&A flurry
General Motors and Lowe's both report quarterly results on Monday.
U.S. light crude oil rose 7 cents to $71.68 a barrel.
"Emotions are running high, and at any given moment that pendulum can yield a wide array of results. There seems to be a renewed confidence in the ability of Europe to avert the most feared of disasters."
No comments:
Post a Comment