After the US market, gold and oil were all down from Friday night it was going to be a struggle for our market and a struggle it was. Amid concerns over Greece’s economy and soft numbers domestically in regard to housing finance and car sales, the XJO lost 1.3% or 61.4 points. Following the weak lead from Wall Street, it gave up significant ground in early trade and never recovered. Telstra was up 0.3% which resulted in the Telecommunications sector being the only one to finish in the black. It was a pretty sorry picture for most other sectors. Those hit hardest included the Energy, Gold, Materials and Metals/Mining sectors, all down more than 1.5%. The Australian dollar has held up quite well for the day currently trading at 1.0583 which is up a little from Friday night’s close of 1.0568. It was down earlier in the day but has recovered some lost ground.