Last weekend, EU central bank decided to buy governments' bonds. It gave a lift to Greece and other EU countries bond a lift at the expenses of Euro. You may see next week EU may intervene in the Foreign exchange market, with the help with FED.
In Asia, Thai is in deep trouble. The protesters and government is in war. Investment community so far is ignoring the risk but I can see it become a bigger problem next week. China is still trying to engineer a soft landing on property prices.
The gulf oil spill is still going on after 3 weeks. It is much longer than expected. If they can not stop the flow this weekend, the damage will show up on shore next week.
Be cautious on the market. I can see the market correct another 5%.
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