{"id":5714,"date":"2012-06-14T07:32:34","date_gmt":"2012-06-14T12:32:34","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=5714"},"modified":"2012-06-14T07:32:34","modified_gmt":"2012-06-14T12:32:34","slug":"before-the-open-jun-14-3","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=5714","title":{"rendered":"Before the Open (Jun 14)"},"content":{"rendered":"

Good morning. Happy Thursday.<\/span>
\nOur 1-time, Groupon-like special offer is here<\/a>. <\/span>
\n\"\"<\/a>
\nThe Asian\/Pacific markets closed mostly down. New Zealand gained 1%; China, Hong Kong, India and Indonesia dropped more than 1%. Europe is currently mostly down. Greece is up almost 8%; Belgium is down 2.3%, Germany, Stockholm, Switzerland and London around 1%. Futures here in the States point towards a flat open for the cash market.
\n<\/span>
\nThe dollar is up slightly. Oil is flat, coppper is down slightly. Silver is down a little, gold is up a little.<\/span>
\nMoody’s cut Spain’s government bond rating. 10-year Spanish bond yields hit 7%.<\/span>
\nItaly bond yields are also climbing.<\/span>
\nThe unemployment rate in Greece has jumped to 22.6% (from 20.7%).<\/span>
\nNokia is cutting 10,000 jobs (in addition to the 14,000 it already announced last year).<\/span>
\nTomorrow is options expiration.<\/span>
\nBut the big news will come Sunday when Greece holds their elections. The results could start the process of Greece leaving the euro zone.<\/span>
\nThe last 6 days have been: up, down, up, down, up, down. Backing up, the market is unchanged over the last four weeks. It’s as if the US is in a holding pattern waiting for Europe to right itself.<\/span>
\nThere’s lots of event risk out there. We could get a big gap up or gap down Monday. Personaly it’s not my style to have huge exposure ahead of such a big event. You can’t be entirely out of the market whenever news is pending because news is always out there, but you can scale back and wait til the dust settles big announcement are advertized ahead of time. There’s always another day and another trade. Keep that in mind. More after the open.<\/span>
\nheadlines at Yahoo Finance<\/a><\/span>
\nheadlines at MarketWatch<\/a><\/span>
\ntoday’s upgrades\/downgrades<\/a><\/span>
\nthis week’s Earnings<\/a><\/span>
\nthis week’s Economic Numbers<\/a><\/span>
\n