Greece and the European debt crisis are on the frontal lobes of global investors, as it’s clear the situation is far from over. More importantly for U.S. investors, is the lack of good news now that earnings season is over, so we focus on other news such as this. Look for the market to trade sideways to slightly lower for a few weeks until the next earnings season comes upon us. Though, if the International Monetary Fund fails to solve this crisis, our markets will get slammed.
I discussed this very issue this morning on CNBC’s The Call with Bill Griffeth and Mandy Drury. View clip
Cheers – Keith Springer