May 21, 2010

The Standard & Poor's 500 index reflects a top in April. It has turned down. April looked good. May doesn't. (Chart courtesy of BigCharts.)

This is part of an international trend. Stock markets around the world have headed lower.

The Stoxx 600 index, a European index, reveals the same decline. The key date was April 23, the day that the Greek government announced that it was facing a crisis. (Chart courtesy of MarketWatch.)