Wall Street Week Ahead: Greek Elections to Keep Tensions High

Coat of arms of Greece since 7 June 1975. (Photo credit: Wikipedia)

Wall Street faces a very difficult situation. Each event in the U.S., Europe or China, seems to mark a new trend in the market. Not surprisingly, investors and traders are nervous about the situation in Europe. After all, if the eurozone breaks down or there is a new recession in the Old World, Wall Street could collapse. However, it seems unusual that the elections in a small country like Greece, has generated so much attention.

(Reuters) - Instead of backyard barbecues and beer, this Father's Day could see many investors with their minds on Greece.

The Greek election, that is. One thing is almost certain to come from the Sunday event, and that is more volatility for U.S. stocks, according to analysts and investors.

"I think the S&P futures will see their high or low depending on the outcome within one hour of the futures' opening on Sunday night at 6 p.m. Eastern time," said Elliot Spar, option market strategist at Stifel Nicolaus & Co. ... Continue to read.

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