Once again, all future and major oversea indexes are down on 2/23/09.
Gold, however, jump to 871 (1.4%)
Precious metal outperform copper and aluminum since LEH went belly up.
Inflation or deflation, gold price is moving higher. Gold miner stock, too!
JPM finally down 60% from its peak. GS is heading to $40. The days of evil duo are over.
They deserved not much premium than bank stocks BAC, C, UBS, CS, and so on...
No. It is a kind of indication of how weak the economy is currently.
With rising unemployment rate, less people need to drive. Less economic activities are going on, so goods are not moving from point A to point B.
Lots of US consumers are broke. Soon they will throw away their credit cards.
We will NEVER see oil above $100 in this decade again.
At the time of my typing, DOW index is @ 8015.
Any sector can help DOW to hold above 8K when banks get hammered?
I guess we are going to test 7500 soon ...
At the end of this job slump, if we lost 30M jobs, he may say that if he didn't do whatever he will do, then the number will be 33.5M job loss. So effectively he SAVED 3.5M jobs.
Don't take it too seriously when it comes to politics.
Jan. 13 (Bloomberg) --
Synovus, Comerica May See Commercial Real Estate Bust
Soon SRS will be at $100 by Feb'09.