Greece: Steering Nation Of The Markets
By Osman Gulseven:The U.S. and European markets are both suffering deep losses, with the threat of Greece returning to the drachma, as well as another pain in Spain looming. This month was such a nightmare for the Dow that it was almost always down. Both the Dow (DIA) and S&P 500 (SPY) had their worst monthly declines since November 2011. The Dow and S&P 500 are down by about 6% this month, while the Nasdaq (QQQ) is down by 7% so far.
So, where on earth are the markets going? Will there be a turnaround? And when?
We all know that the European Union is having its worst days due to the Greek economy, a tumor that Europe suffers from. Now the most important question in today's world - does the Union have to cut it off or try healing it? As Greece is going for an election on June 17, theComplete Story »