My Stock Picks For May 26, 2010

Ticker	Date/Time	Company name	Last Price*
CCE	2010-05-25	COCA COLA ENTRPR	25.44
CSCO	2010-05-25	Cisco Systems In	23.31
HLF	2010-05-25	HERBALIFE LTD.	43.55
JNPR	2010-05-25	Juniper Networks	26.26
MCRL	2010-05-25	Micrel Incorporated	10.79
RS	2010-05-25	Reliance Steel & Aluminum Co	44.29
RTI	2010-05-25	RTI INTL METALS I	24.79
TXT	2010-05-25	TEXTRON INC	19.52

Tough Economic Times Ahead For Europe

We know that the Greece's economic crisis has put the country into  a long period of belt-tightening already but what we don't know is that the rest of European countries are anticipating a difficult t ime ahead. In Europe faces an era of government spending cuts, DAVID STRINGER and MICHAEL WEISSENSTEIN, from Associated Press report that:

"Governments across the continent announced more budget cuts Tuesday, even as their stock markets and the euro were beaten down by investors fearful of stagnant growth and soaring deficits. The Danish government is also restricting child allowance and postponing plans to reduce taxes for high-income earners.

It's been an unrelenting year of profoundly bad news for Europe, beginning when Greece's new government announced in October that its predecessor had concealed a massive budget shortfall and raised the country's deficit projection from 3.7 percent of GDP to a stunning 12.5 percent and then to 13.6 percent. Lawmakers in both chambers of Spain's Parliament agreed Tuesday to cut their base salaries by 10 percent, joining civil servants in central government ministries in receiving less pay as the country struggles to reduce a deficit equivalent to 11.2 percent of GDP."

Global Stock Markets sink again

The financial markets experience new difficult trading sessions as investors fear that the crisis in euro zones could spread across the global economy. The Dow is currently down 2.33% and the major European indices closed in the red. In London, the FTSE 100 closed down 1.65 percent. The German DAX dropped 2.02 percent and the French market index CAC40 dipped 2.25 percent.

Meanwhile, the Euro remains under pressure even so it has gained a few points against the US dollar.