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It's a Topsy Turvy World

By Richard Russell

 

The world is topsy turvy. Will Greece leave the euro? Will the Fed raise rates?

 

Speaking of topsy turvy, we’re moving this week and I have a great urge to simplify things. In the end, everything boils down to the stock market. By this time readers should know that I want the best for America.

 

Turning to the stock market, at midday the Dow is down 47 and well under the big even number of 18,000. The Transports are higher by 4.31 and happily above the even number of 8,000. The Nasdaq remains just above its big even number of 5,000.

 

The markets seem a little bothered by the almost certain exit of Greece from the Eurozone. As I write, gold is down 5.5 to 1162.8. Silver is acting better than gold and is up .02 to 15.60.

 

Silver is a special case. JP Morgan has been selling it short ... Log in or subscribe to continue reading.


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