The market gave back the bulk of the gains won in the previous week as concerns mounted over hedge funds, credit spreads, and worldwide liquidity that has fueled the market's rise. It was a bad week for most of the participants of the WTI also. While these concerns have been present for some time, the market finally decided to pay attention to them this week.

So far, the month of June has not been as rewarding to participants with the exception of Manuel Gerivaz the new leader. Tamás Czajner is back among the first 3 with Hanqui Guo being second. For Alexander Nikolov the week was disastrous as he lost half of his gains.
The Japanese yen hit a 4 1/2 year low versus the dollar, and this month alone, the dollar has climbed 2% against the yen. The falling yen also sits at a 15 year low against the pound and 20 year low against the New Zealand dollar.
 
The Indian stock market is under the spotlight. The Sensex index crossed the 7000 in June 2005 and in December 2006 it had crossed 14.000, now it is at 14.487. Most of the gains came from about five stocks. Is this an opportunity or a sign that the worst is yet to come?
Gold looked like it might do something interesting when it jumped 5 dollars last week but then it gave it all back.
Treasury markets have squeezed borrowers and Bear Stearns fund is bringing worries to investors, but according to analysts, investment banks, insurance companies, pension funds and asset management firms that hold some of the US's 6 trillion dollars of mortgage-backed securities have yet suffer the full effect of subprime loans gone bad.