Now that we’re near a resolution to the crisis in Greece — Greek prime minister George Papandreou agreed to share power and step down as prime minister — let’s fixate on a new problem: Italy. Rumors swirled early Monday that Italian prime minister Silvio Berlusconi was planning to resign, although Berlusconi denied the rumors on his facebook page of all places — it’s about time� that the fate of the world depended on someone’s facebook page, isn’t it?
It turns out it’s not so fun to lead a European nation when you have to spend all your time telling everyone that the party’s over.
Dow futures slid 59 points to 11,882. S&P 500 futures fell 7.7 points to 1243.4. Most European indexes were also trading lower.
Berkshire Hathaway (BRKB), which reported late on Friday thatthird quarter earnings fell 24% year over year, was off 0.2%. Cracker Barrel (CBRL) rose 1.4% on better than expected earnings guidance.
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