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News that the Greek government will put the European bailout plan to a referendum, prompting major losses across the financial sector as European banks and ETFs tumbled.

Yet another twist in the Euro-drama and global markets are roiled again. No telling what will evolve this week, but it is getting close to a buy for risk-takers.

European uncertainties will continue to challenge investors creating unnerving volatility. Timing is critical, not a market for chasing stocks.

The latest manufacturing data fell short of expectations and negatively impacted shares of industrial metals miners. Ongoing worry over the Greek banking crisis also struck the sector.