(As of 7:10 am pacific)
Today’s massive negativity is
no surprise to those who were watching the news in Europe this weekend. Huge problems loom in Greece and Spain and
once again Europe has become the hot topic in the market. All commodities are down big including oil
and gold. The dollar is soaring in a
flight to safety. Volatility is soaring
once again. McDonalds miss on earnings
and revenue has added fuel to the fire.
Watch for central bank intervention and a recovery from market lows,
although still a downer of a day.
