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STOCKS FALL IN A SINKHOLE

|Includes:AA, BAC, BP, C, DBB, DBC, EEM, EFA, EPI, EWA, EWZ, FXE, FXI, GLD, HAL, IEF, IWM, IYR, JPM, KBE, KRE, MDY, QQQ, RIG, RSX, SLB, SPDR S&P 500 Trust ETF (SPY), TLT, UUP, XLB, XLE, XLF, XLY


BP (British Petroleum) gives up on a plan to cap leak and stock investors give up in the end as well. Frankly, it surprised me stocks rallied much Tuesday even with a good results from home construction. But, much of the gains were led after central banks intervened to support a falling euro which reversed serious stock declines in the eurozone. While central banks should conduct supportive monetary policies as needed, direct intervention in markets is a waste of money and just postpones the inevitable. 

Leading declines in U.S. markets were.....READ MORE! 

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Stocks: SPY, MDY, IWM, QQQ, XLF, KBE, KRE, C, BAC, JPM, AA, XLB, XLY, IYR, IEF, TLT, UUP, FXE, GLD, DBC, XLE, BP, SLB, HAL, RIG, DBB, EFA, EEM, EWA, EWZ, RSX, EPI, FXI