Sunday, May 27, 2012

What is next ?




The only reason for CRB to move toward 2009's low of 200 is a collapse in commodity demand due to possible global recession as indicated by a collapse in the indices of world bourses from Europe to Asia and to America.

US's Dow is the only index that is able to stay on the higher end. Chinese and Japanese stock markets have been in the downtrend channel since July 2009 and April 2010.  Many European nations are already in recession.Greek stock market is particularly bad.


Since the beginning of May this year, the Athen Index has dropped 30% from 695 to 485 (last Friday closing level). Is this the signal that Greece will have no choice but to leave Euro? Under this scenario, all eyes will focus on Greece when it started to print drachmas to see the outcome.

Light and Easy


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