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Millionaire Corner Daily Financial News and Analysis March 9, 2012 Tube. Duration : 3.75 Mins.We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Mortgage Rates Forecast . www.millionairecorner.com Turmoil in Greece beginning to fray market The elections in Greece this week left the country without a legitimate government. According to the Wall Street Journal, because the traditional party system has broken into 9 different parties, no single party has been able to gain enough votes to be in charge. This means there will be another election in June. The fear is that a new government may fail to support the bailout plan approved by the former government nor will it enact the required austerity measures. Many experts believe that the European Union will at that point kick Greece out of its exclusive club. The market has not reacted dramatically to this news, perhaps because the outcome is still unclear. The Dow fell on Tuesday for a fifth straight day, falling 76 points to close at 12932. Asian markets closed down on Wednesday and European markets are mixed. Gold gives up gains for the year and could go lower Gold is back to even for the year and experts predict it could go lower, as reported by CNBC. The decline of the euro has fueled the slide of gold because it causes the value of the US dollar to increase. Gold's initial break even point was 25 per ounce. Additionally, Warren Buffett has commented that gold is an unproductive asset. Many investment firms believe that gold may fall to a mid to low 00 per ounce range, possibly as soon as June. New French President disagrees with many of the Eurozone austerity measures According to the ...
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