Saturday, June 16, 2012

Greek Election Impact On The Market

Hi fellow traders,

Investors waited with bated breath about the outcome of Greek Election this Sunday on the global market reaction on Monday.

The US CBOE Volatility Index (VIX) has gone up during the past few weeks. Markets were volatile amidst events like : the dismal US non-farm payroll report for May 2012, Spain's banks bailout, speculation of whether Greek's voters will choose the leftist Syriza party who opposes the austerity measures, and how Greek's possible exit from Euro-Zone will affect other members of the European community, the USA economy and of course, how the global markets is going to be affected.

Yours Truly,

Tony Chai