Sunday, June 06, 2010

Monday June 7th Pre-market

Futures are down as the Nikkei plunges. Currently down almost 400 points at 8:46pm June 6th. It is going to be a follow on crazy day of market action. But it is consistent with the reality of the economic conditions facing us and Europe. European leaders seem to be bickering over the direction of monetary policy of the EU. Tim Geithner, Treasury Secretary is pleading with them to implement a Debt rescue plan, according to reports this weekend on Bloomberg.com. Check in during the day Monday for updates and intraday chart analysis.

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