The Quiet Before The Financial Storm

June 5th, 2012
in Gary's blogging

Premarket Commentary For 06-05-2012

Yesterday in my article, A Depressing Market – Do Ya Feel Lucky Mr. Investor I wrote, “My views are that not much will take the markets down over the next few day's regardless of the financial reporting until the end of the week. I believe there still many investors clinging onto hopes that we will see a run up so they can depart the market place with some sort of grace.”

Today's premarket is relatively quiet with the DOW up 12.00, the SP500 up 0.12 and the NASDAQ down 9.50. WTI oil is at 84.34, Brent is at 98.81, gold is at 1614 and Dr. Copper is at 3.30.

Follow up:

The crisis in the Eurozone has not got any better and the dark storm clouds are just about overhead. Seriously, you may want to consider taking a loss at this point, assuming you are still invested, before it becomes unmanageable in the very near future. Don't let this lull fool you into thinking the financial storm will pass you and go somewhere else.

To contact me with suggestions or deserved praise:

gary@econintersect.com

Written by Gary









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