Market Analysis Monday 5-3
May 3, 2010 in Investing by Brad T. Simms
Today was what I expected. A pretty nice recovery from Fridays sell off. The EU announced over the weekend they have reached a deal with Greece for their bailout. This now keeps Greece from defaulting on their treasuries that are soon to mature this month. With that said the EU is not out of the woods but this helps the US market looking better and better to world investors. These events of good run ups and then a pull back will continue to happen through the summer. The other news is US manufacturing rose and this is very positive. This shows that business is back and there is growth. Stay in this market and buy US stocks.
