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MARKETS MARK TIME

|Includes:Apple Inc. (AAPL), AAXJ, DBA, DBB, DJP, EEM, EFA, EPI, EWA, EWC, EWG, EWJ, EWY, EWZ, FCG, FXE, FXF, FXI, GAZ, GLD, IBB, IEF, IWM, IYR, IYT, MMM, MOO, QQQ, RSX, SLV, SPY, TIP, TLT, UDN, USL, XHB, XLB, XLE, XLF, XLI, XLU, XLV, XME, XRT

  

 

News of an S&P rating downgrade for Greece to CCC was hardly a shock but it took a toll on stock market bulls. They couldn't manage to hold onto gains despite some positive M&A activity. More telling perhaps was the broad decline in just about all commodities where the mood and prices seem to indicate a lack of demand for just about everything. This may be the more accurate takeaway from Monday's action since economic softness is starting to have an effect
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