A dreary day in marketland. As if it was not bad enough that the month of June has only had one positive day for the S&P 500.
The Euro was melting away, the equity markets with it. Precious metals were getting slammed and it it was getting close to a level...
Gasoline prices have been rising. In fact, they seem to rise no matter what the actual price of oil is. Apparently, there is only one directional adjustment that can be made at the pump – and that is higher. Even with the recent drop of 12% for WTI crude ,...
As the market absorbed the news that the ECB was not going to increase rates, there was a sharp drop for the EURO. More importantly there was a sell-off of the currency as the timing for the next hike was not apparent.
The comments from Trichet today have to be translated...
Some of the more interesting and important items for June 8th :
Why Groupon’s IPO is no deal Brett Arends’ ROI – MarketWatch –
Why Bill Gross insists interest rates are going up – The Tell – MarketWatch – Bill Gross, founder of PIMCO, says the differences between the U.S. and...
There is a good deal to be concerned about ahead of some EU decisions tomorrow. Add that to the parade of Fed officials talking about the potential for a revision to U.S. growth and that can take the wind out a rally real quick.
Then there is the Euro. As the...
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