Monday, September 12, 2011
Stocks set to start the week with heavy losses
Dow futures are pointing to a 200 point plus decline this morning after renewed fears have surfaced over Greek and European debts. French banks will likely receive downgrades as Greek debt exposure continues to pressure their balance sheets and erode confidence in them. The S&P 500 lost about 2% on Friday, and is set to drop about the same percentage off the open this morning. Foreign markets are down across the globe. I continue to believe that current valuations or stocks are attractive and would recommend buying quality names.