"Delta Continental"- Fear Returns To Global Markets...

Online, June 21, 2010 (Newswire.com) - "Delta Continental" have told clients in no uncertain terms to expect a sharp correction in the price of everything from equities to commodities in the coming months as the US recovery falters and the European debt crisis worsens.

In a recent client communique, they apparently said that key exchanges around the world have tumbled as the sovereign debt crisis which began with concern about Greece's fiscal deficit and has since widened to encompass those of several of its fellow European member states as well as the United Kingdom, has dampened investors' expectations for the nascent global economic recovery.

"Delta Continental" analysts said that the markets are displaying an acute lack of direction and volatility has replaced the slow, grinding uptrend in stock prices.

The firm advised clients to sell selected stocks into rallies and to keep powder dry in preparation for opportunities that may present themselves as stocks bottom out.

Although the firm would not be drawn on a firm prediction as to when the correction would occur, sources close to "Delta Continental" said the firm's traders are focusing on short-term trades which may indicate that they expect some form of movement as early as this month.