Thursday, April 8, 2010

Greek Debt Crisis Weighs on Market

The Greek debt crisis continues to be a pull on the markets, and depending on the particular sector pushes it up or pulls it down.

We're in for a long ride with this one because there's no end in site as to what is going to pan out with the troubled country, one way or another.

What that does is keep an element of uncertainty in the market, which continues to remind investors we're far from the economic crisis being over, and we're not into any type of sustainable recovery.

For the U.S. dollar, it's not a sign that it has a lot of confidence in it, just that in contrast to other currencies, it looks good. The yen also has that as part of its attraction to investors.

Gold should continue to move up as more people gravitate toward it for safety and begin to think of it as an alternative currency.

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