Bobbys Corner-Open Market-Feb.10.2012
The Greek saga continues:
The Euro, commodity and equity markets all took a turn south as we await the results of this weekend’s vote by Greek politicians.
In the latest news, Greece’s far right Laos party stated that they cannot vote for the bailout package. If it binds Greece for 50 years-the Laos party will not endorse the package.
It now appears that the Greek initiatives to shrink their budget will not be sufficient for the EU and IMF. The civil servants union-ADEDY has called a 48 hour strike (again). Mass transit is virtually stopped-and hospital doctors and bank employees are also on strike.
What a mess- The markets may be rocky and spotty the next few sessions.
Equity markets worldwide are lower-as are futures.
Gold,Silver, Oil and most of the commodity world are lower.
HAVE A GREAT DAY-WEEKEND &GOOD LUCK









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