Euro Zone Debt Crisis 2 & to Buy Penny Stocks

From the news before that investors still follow situation about EU debt crisis & buying penny stocks. We will follow about this topic continuously. With financial situation in European countries, stock market makes a hit on 23th May 2011. Investors are worried Italy will meet the same situation as Greece, Ireland and Portugal soon. Plus the oil prices were up.

Oil prices were up almost $2 to $99.59/barrel thanks to Goldman Sachs and Morgan Stanley raised their forecasts for Brent crude oil prices by analysing in global demand. Goldman said oil prices will up to
$120/barrel within the end of year 2011 and can up to $130/barrel within 12 months (Oh! 130).

How about taking a look at trio major index. The Dow Jones -0.2%, to close at 12,356.21.S&P 500 -1.09 point to 1,316.28. The Nasdaq -0.5%, to 2,746.16. All of three are lost this month with the reasons of global demand in oil and EU debt crisis.

Penny stocks are moving too.

Washington Mutual Inc. (OTC:WAMUQ) is up more than 60%.

Smokefree Innotec, Inc. (OTC:SFIO) is up 23%.

Baristas Coffee Company Inc. (OTC:BCCI) is up 26%.

Pervasip Corp. (OTC:PVSP) is up 33% at $0.0869.

Source: Indonsia stock exchange, Penny Stock Classroom, Yahoo! Finance