xjo weekend zoomba lounge, page-110

To be fair the odds are strongly in the favour of the bull's camp for the first half of this week. The Spanish banking bailout pushes one concern under the rug for the time being, and gives equities one less reason to decline further from the highs six weeks ago.

However towards the end of this week we will start to see focus move over to Greece, where an exit from the Euro for them is just as likely as the alternative in my opinion. In the long run, a Greek exit will be fundamentally for the better, but it will hit equities in the short term as fear of the unknown arises.

If Greece doesn't go to plan, look to the Fed policy meeting for guidance on whether we will be seeing more stimulus in the US.

It will be a very volatile week in my opinion - great for the traders, not so much for the sanity of investors.