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May 25, 2010

Tuesday Market Forecast: Gird Your Loins

Stocks are probably going to open sharply lower today on a buffet of bad news coming in from around the world.

Let's just take a quick survey.

Tension in the Korean peninsula.

The Euro crisis shows no sign of improving.

Spain may be facing a wave of bank-nationalizations and strikes as austerity measures are put into effect. This is sure to make the credit-rating companies nervous, and may prompt a downgrade of Spain's debt.

The Deep Water Horizon oil-spill has now washed ashore in Louisiana. Even Obama's allies are beginning to wonder if this might be Obama's "Katrina" moment.

Happy Tuesday, Morons.


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posted by Monty at 09:15 AM

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