Stock Market Key Levels
The markets have been all over the map today. A gap down gave rise to a huge spike on ISM economic numbers. This popped the markets to the positive side, only to see them come all the way back down and hit the lows of the day. Since that double bottom, the markets have bounced back up, just slightly negative on the day.
Stocks continue to look at Europe and wonder what the ultimate outcome will be. Will Greece default? Greece announced over the weekend that they would not make the deficit reduction mandates that they are being held to. Overall, this is not a surprise to the markets and being brushed off. Sentiment dictates a bailout will eventually be given.