Shesa's Investment Blog

Greece has been on news since 2010. However, we have been hearing more and more in last couple of months. Why did the market collapsed today? Global stock markets plummeted today, as fears over a Greece exit from the Eurozone intensified. The DOW plummeted 350 points, 1.95%, S&P 500 dropped 44 points 2.1% and NASDAQ dropped 122 point 2.4%. UVXY did shot up $11.36, 34.28%. Last week, the investors were looking for a resolution on the problem as Greece finally agreed to meet the Eurozone’s and the International Monetary Fund’s (IMF) demands for pension cuts. However, over the weekend, the bailout talks collapsed as Greece pulled its negotiators from talks last Friday. Greece’s prime minister set a referendum on July 5 for Greek citizens to vote on the Eurozone and IMF demands. As a result, the European Central Bank (ECB) has frozen its funding to Greece’s banks, and it doesn’t look like Greece is going to make its IMF payment deadline tonight. Chinese st...

            14 June 2015 JUNE 2015 Investment Blog Shesa Nayak    U.S. Stock Market Commentary Hello friends. Welcome to my monthly investment blog. Let’s take a quick look to the U.S. Stock Market Indexes. The DOW Jones Industrial closed last Friday at 17,898.84 , S&P 500 closed at 2094.11 and NASDAQ closed at 5051.10 points . U.S. Stock market has been going up and down for last several weeks and not really making any significant progress. The market looks lethargic and not many volumes are exchanging hands. If we see the indexes then they have not gone anywhere barring NASDAQ. For example, DOW is UP: .003%, S&P: .016% and NASDAQ is up .066% since the beginning of this year. It seems investors are in the sideline and not too keen on the market volatility. There is no market correction at this point but there seem to be sectorial rotation of money from one sector to another. Important Econo...