WallStreetSurvivor Stock Market Forecast
WallStreetSurvivor.com confirms that the stock market June gloom is in full swing. Last month, stocks initially gained a few points after Germany agreed to allow Greece to restructure its debt. This news resulted in a three week high for the euro. Precious metals got a boost with gold at its highest prices in the last month. However, if history is any indication, this uptrend will not continue. In the last six years the Dow Jones Industrial Average has been down every June, save two and overall the market has been down for the past four Junes. As of last Friday the numbers are reflecting this trend with the Standard & Poor 500 down 2.4%, NASDAQ down 2.7% and the Dow Jones Industrial Average down almost 3%.
Scott Wren with Wells Fargo Advisers believes that the market will taper off during the summer, but the fact that the market is up 100% from two years ago is a major headwind that will help the market from taking a significant downturn.
With all of this uncertainty regarding the stock marketís summer direction, professional traders suggest that private investors stay out of the market. They say that this is the ideal time to enhance personal finance education. One popular source is WallStreetSurvivor.com where members can play their FREE virtual stock market game. There is no cost and no risk, so people can try their hand at paper trading before going back to the market. This summer, WallStreetSurvivor.com promises to offer their highest paying monthly contests.
About Stock-Trak Inc.
Stock-Trak is the leading provider of stock market simulations, stock market games, and stock trading contests. Its family of virtual trading and stock market education sites ( WallStreetSurvivor.com, StockTrak.com, HowTheMarketWorks.com, Sanebull.com, NationalSMS.com, and Investing101.net) helps hundreds of thousands of students and adults each month learn how the stock markets work and become more confident in their investing decisions. Its robust virtual trading platform can also be customized to meet the needs of banks, brokerages, media companies, and other financial websites to enable them to offer their clients a virtual stock trading experience. Founded in 1990, its virtual trading platforms and websites have helped over 3,000,000 individuals learn about the markets and practice their trading skills.
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