world economy, page-45

Greece
Greece and the EU will continieu to drag the market lower untill the new elections in Greece next month June 17. If the anti austerity party wins anything could happen. I think the DOW is headed lower, the Chinese manufacturing index has declined again and most Asian markets will respond negatively to this.
OIL
Looks like it is staging a small comeback but i think it is temporary as the oil reserves in the U.S. have increased and the tension with Iran at least for the immediate future has eased, not to mention Spanish and Portugese banks were downgraded along with the Greek banks.
SEA
Unfortunately SEA is still being smashed by world financial collapse which I think will get worse in the near term.


Sorry for the bad news but thats what my research tells me.

MM