By VFC’s Stock House
With the quarter coming to a close on Friday, the broad markets all traded relatively flat for the week and some economic numbers in the United States hinted at a prolonged recovery while concerns in Europe continue to quell any all-out euphoria.
Spanish workers took to the streets in protest and strike over the government’s plans to cut spending, reform labor laws and get a grip on the country’s spiraling economy that boasts unemployment of over 20%.
Although the DOW is trading close to its all time highs, it’s hardly likely that the markets can sustain such vigor while Europe as a whole is still straddling the lines of economic collapse, and it doesn’t help that the general population across the pond is not on board with reform. But you can’t blame the people for being unhappy that the already extremely high tax rates they pay are going even higher, at least for those with jobs. Read More
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