Mar
Another Mixed Trading Day
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We have all spent three days looking at the markets wandering where this market is going. The number of variables facing investors and markets are endless. The positive move on Monday had the media abuzz with a break through resistance levels and confidence on the rise. In reality the challenge facing all of us as investors has not changed and the uncertainty remains. So my message to you is stay focused on your goals and management of the risk.
Today was mirror image of the last two days relative to the broad markets. We rallied early and faltered later and then moved towards flat to up on the day. Crude fell 0.5%, gold was down 0.8% and dollar rallied pushing the euro lower again. Yesterday the global markets had found reason to rally on the news from Greece. Today the bond offering from Greece didn’t help and Italy was on the chopping block for debt. I would watch this closely if the fear levels rise related with the issues in Europe.
More covered on the video and table is updated.
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