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Latest Market Update

Greek Tensions to Persist in Coming Week

Sat, 19 May 2012 13:00:00 GMT

NEW YORK (TheStreet) -- Market anxiety is expected to stay at elevated levels in the coming week as the political turmoil in Greece goes unresolved.

The week is a very light on the economic and earnings fronts, and it comes right before the Memorial Day long weekend. That means major domestic drivers will be few, and investors likely will continue to focus on the overriding issues in Europe.

"The big question is 'what if'-type bad news like what if Greece leaves the eurozone soon?," said Ryan Detrick, senior technical strategist at Schaeffer's. "But what is important to remember is that no one has ever left the eurozone." ...

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