U.S. Stock Market's Bears Eyeing Greece, Q1 U.S. GDP

Filed under: International Markets, S and P 500, DJIA, Recession

Friday could prove to be a day when the U.S. stock market's bears reasserted themselves, if two data points line-up in their favor.



The first? The outcome of the European Union/International Monetary Fund meetings aimed at putting together an aid package that will assist Greece's transition to fiscal solvency.



There's no more lee-way left -- or investor patience -- for European officials to continue their game of financial chicken -- first Greece calling budget cuts to severe, then Germany requesting more time to verify Greece's budget cuts before releasing aid, etc. Hence, any additional 'kicking the can down the road,' financially will probably rattle equity, bond, and currency markets, including U.S. stock markets, and provide ammunition for the stock market's bears.

Continue reading U.S. Stock Market's Bears Eyeing Greece, Q1 U.S. GDP

U.S. Stock Market's Bears Eyeing Greece, Q1 U.S. GDP originally appeared on BloggingStocks on Wed, 28 Apr 2010 18:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments

Full story at http://www.pheedcontent.com/click.phdo?i=d82ef5a6cb0808cf05dc609377e77154