Morning

Saturday and hooray for that. It is 51 degrees and sunny here in upstate NY. Looks like we are in for a gorgeous day and for me a lot of the time will be spent outdoors.

That crashing sound you heard last week was the stock market. The DOW is presently at 12,369.38 dropping a cool 1,000 plus points over the last few weeks. All retirement accounts, equities accounts, 401's, etc are feeling the pinch. The finger of guilt is pointed squarely at the eurozone with Greece verging on extreme economic disaster and with Spain running its own version of that same race.

The eurozone is in crisis mode with a large meeting of key players taking place next week in order to find some type of solution. Meanwhile investors are jumping for cover, selling off all kinds of assets worried that the global economy will be dented as a result of Europe's economy. Facebook's IPO did not magnetize the investment community on Friday like many said it would.

Reuters points out that the pattern has been - eurozone problem escalating to crisis level, a quick solution is put in place, appeasement occurs with world investors, until a problem starts to escalate, and repeat.

This could very well be the scenario we see, with upcoming news that some type of solution has been found until the dam bursts anew. Meanwhile the road will be bumpy.

Reuters: Global Markets Weekahead: Euro zone policy action becoming critical