U.S. stocks and global stocks for that matter are still having a rough time. Worse was the obvious intervention in currency markets to rally the euro and a subsequent bear raid on gold, silver and other precious metals. The powers that be, don’t like the message high prices send investors and these actions today crushed prices.
Important news not well delivered was $9 billion was removed from equity mutual funds following the so-called “flash crash”. This reflects how poor retail investor confidence in all things Wall Street remains.
Markets were near the lows of the day Wednesday when the FOMC minutes were released that showed a more optimistic Fed as to U.S. economic growth so stocks rallied some off their lows. They were unable to decide when to sell their......READ MORE!
Subscribe to our RSS feed