European Leaders Promise to Help Greece

by jscreationzs

The biggest challenge for the stock market recently has been the debt crisis in Europe, more particularly, Greece. Greece has had issues with their debt for some time but recently, they have been in real trouble. Their economy was on the verge of complete collapse and if that happened, it would have sent a shockwave through the global economy causing havoc along its entire path.

Thankfully, other European Leaders have stepped up. They have promised to help Greece with its debt situation and avoid default. This obviously was great news and this resulted in the stock market rallying all around the world. We saw huge gains here in the US Markets which makes today the third day in a row where the stock market has been positive. Best of all, the upward trend of the stock market this week has been slow and steady which makes the likeliness that it will come crashing down just as quickly far less. But of course, anything can happen. If for some reason another country in Europe or Asia declares money trouble, it’ll send a negative shockwave through the global economy again.

Today the Dow Jones gained more than 140 points finishing near 11,250. It’s getting closer to the 12,00 mark once again, and lets hope that this trend continues because we can’t afford another mini-collapse any time soon.

The NASDAQ Composite gained more than 40 points finishing at 2,572. The S&P 500 gained almost 16 points, finishing at more than 1,188. And the NYSE gained more than 89 points, just one point short of the 7,200 mark.

The good news about Greece and the help that it’s getting has helped the European markets as well. I don’t normally report European Market results because I don’t follow them, but as reported by Yahoo! Finance, the Germany’s DAX gained 3.4% and France’s CAC-40 gained almost 2%. That’s great news for Europe.

There are still two more days left for the end of the Market Week and anything can still happen. After all, the mentality of the consumers and investors can have a great deal of impact on the stock market. If we can keep believing that the economy is recovering faster than what others are saying, then we can actually help it recover faster. We need investors to invest in actual businesses rather than commodities like Gold (which by the way hasn’t broken any records since the last time I mentioned it).

Right now, I think we’re on a good path. If we can all keep it up, we’ll be on our way out of the little recession we have seen over the past few years. Lets hope for more good news in the near future!

What do you think about the help that Greece is being promised by its European Allies? Do you think that it will actually help or make things worse?

Nazmus

Loves creating websites and helping others. Some websites include, EasyProgramming.net, Nazmus.com, and Gamers-Forum.com.

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