I’m starting to read some concerning things about the stock market and the economy. Let’s see how I fared and then I will give my final analysis.
- Krogers (KR) – Purchase price – $63.53, number of shares 23. Current Price: $71.68 a gain of $187.45
- Microsoft (MSFT) – Purchase price $46.76, number of 32. Current Price: $46.28, a loss of $25.28
- iShares Silver Trust (SLV) – Purchase price $15.11, number of shares 99. Current Price: $15.77 a gain of $13.86
- BlackBerry (BBRY) - Purchase price $10.82, number of shares 138, Current Price $9.80 a loss of $219.42
Well there it is, I’m in the red, I am down $258.33. That is a sizable fall from last month. Should I pull the plug? What will July look like? Some are saying that this market has been rising for over six years and its time for a consolidation. They are predicting that the market will fall 10, 20, perhaps even 30 percent. Such a drop would be healthy for an oversold market. Other are saying that the bill is due, that all of this global debt needs to be paid and that this is the beginning of another recession.
It hard to say, but I do know that on Sunday evening the Greek people are going to vote on their future. The outcome of this vote could set the tone for the rest of the Summer. The way I see it the Greeks are in a no win situation. If they leave the European union their banking industry will collapse if they stay the austerity restrictions they will face will damage their already weak economy. Only time will tell, I will be watching the vote and the markets reaction on Monday morning
***Please not that I am not and investment adviser.Please consult your investment adviser before making any financial decisions that could result in loss.