Coming Week: 4 Market Movers And 3 Questions To Answer To Exploit Them
By Cliff Wachtel: There are 4 likely market drivers for the coming week. Only one is truly dominant, and to profit from it, you need to ask and answer 3 key questions. First, some background. In case you ignored market news for the past 2 weeks, here's all that you need to know in order to understand what's coming. For the 3rd straight week, ever since markets became focused on the risks that the May 6th Greek elections would result in Greece reneging on its bailout deal, there has been only one real market driver. Global financial markets have been moving almost exclusively on news related to the likelihood of Greek default, and more importantly, the implied contagion risk. Specifically, that a Greek default would result in: An end to EU aid, causing a collapse of the Greek banking sector both from losses on their Greek bond holdings and cash drain as depositorsComplete Story »
- Original article
- Login or register to post comments
