Energy OverView May 30, 2012

Quite simply, the euro is under attack and dragging most asset classes down with it. Investors have little incentive to buy and hold, even at depressed levels, as long as the likelihood of a sustainable uptrend emerging anytime soon is low. However, recent polls imply that pro-bailout factions in Greece may prevail in coming elections allowing the country to remain in the single-currency bloc.