Europe is once again on the mind of the average investor. Political developments over the weekend and this morning have the potential to thrown the continent back into disarray. First was the French presidential elections that saw the Socialist candidate forcing Sarkozy into a runoff slated for May 6 – the same day as Greek elections. Then the Dutch government fell apart over budget negotiations.
Domestically investors are reeling from the burgeoning bribery scandal involving Wal-Mart. Plus Kellogg slashed their forecasts for 2012 which begs the question of whether or not the recovery is faltering into a renewed slowdown. [Read more...]