What's on Jack's market watch list? Frequent CNBC-TV guest contributor and Harbor Advisory's Chief Investment Officer, Jack De Gan, is keeping an eye on:

Euro-Less

June 4, 2010

The Euro currency has weakened recently as a result of the sovereign debt crisis sweeping southern Europe.  An emergency loan guarantee program of almost one trillion dollars offered jointly by the EIB, IMF and EU members temporarily calmed market fears.  We believe, however, this will turn out to be a band-aid and that the weaker members of the EU will need to exit the Euro currency and devalue their currencies and renegotiate their sovereign debt.  World markets have not yet absorbed the full impact of this major change to the largest "common market."  We remain cautious and focused on capital preservation.