Markets are struggling. Eurozone problems continue (now cracks in Spain and Italy) and US recovery is in question after a weak March jobs print last Thursday. Incidentally US is sounding like the tale of two haves: the 'Have-nots' and the 'Have-Invented'. While markets are still digesting a weak jobless print in March, the guys at Instagram are Insta-billionaires! Facebook will be acquiring the 13 employee company for U$1b - Pretty RIDIC!
Wish I could be popping the champagne with these boys! I actually have a super busy week. US companies start reporting this week and a lot of Fed members will be speaking as well. Fed Chairman Ben Bernanke will be on Friday. Actually one potentially positive reaction to weak markets is that the Fed may decide to do more to help the economy. Certainly while recently minted 'Insta-billionaires' don't really need the help, seems lots of Americans could still use it.
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