Since markets keep changing, to talk about them is to write a long endless story. And now, we are going to read one of them written about financial market. Just turn to the chapter of May 23rd, 2011 with Pitguru Frank LaMantia!


Europe’s debt crisis and economic surveys have placed a bearish sentiment on the market today. Greece will have to restructure its debt. Spain and Italy are now in the spotlight and bailouts could be offered in the near future. Italy’s debt outlook may be lowered which has Ireland and Portugal worried. Spain is also in the cross-hairs as Europe seems to be losing steam on its overall economic recovery.

Sony expects to have an annual loss of $3.2 billion because of the earthquake and tsunami. Manufacturing was down before the earthquake and only grew worse once the tragedy struck. Identity thefts also hurt Sony. They had to spend $170 million to cover identity theft insurance for customers. Flat screen sales have not produced and are expected to stay in the red for the near future......

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