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At the open: Dow -0.57% to 15322. S&P -0.71% to 1648. Nasdaq 0.51% to 3471. Treasurys:...

At the open: Dow -0.57% to 15322. S&P -0.71% to 1648. Nasdaq 0.51% to 3471.
Treasurys: 30-year +0.4%. 10-yr +0.1%. 5-yr 0%.
Commodities: Crude -0.24% to $94.78. Gold +0.5% to $1386.55.
Currencies: Euro +0.66% vs. dollar. Yen -1.03%. Pound -0.54%.
Comments (4)
  • al roman
    , contributor
    Comments (5532) | Send Message
     
    I think we all knew what today was going to portend.
    When one sector drops it eventually pulls the rest with it.
    29 May 2013, 10:18 AM Reply Like
  • Financehulligan
    , contributor
    Comments (1079) | Send Message
     
    Borrowing now exceed 2.4 percent of its GDP for just the third time in history. Earlier occasions? 2000 and 2007.

     

    http://tinyurl.com/5un...

     

    SPX has had a rally almost the double as Nikkei, or 153,03%. From 666,79 up to 1687,18. Maybe we should expect a 40% fast decline in SPX then? I believe 1080 could become a support.

     

    http://bit.ly/12ujsnZ

     

    We also got the subprime bubble in conjunction with the asset bubble at place. Looks like a perfect storm to me. 2000, 2007 and 2013. A HUGE top every 7th year?

     

    (don´t argue before you have done your math)
    29 May 2013, 10:20 AM Reply Like
  • Financehulligan
    , contributor
    Comments (1079) | Send Message
     
    The funny thing is that the lender takes no responsibility for change in value of all those borrowed shares with no real buyers. Nope, FED can´t buy them, not allowed. Time is ticking, interest rates on the way up.
    29 May 2013, 10:35 AM Reply Like
  • nafar
    , contributor
    Comments (218) | Send Message
     
    The market is up because of 2 things - better economy and increased earnings. GDP level surpassed pre recession level with lower employees - thereby productivity level enhanced per person. Great potential exists in energy sector and housing industry that would keep the economy growing between 2-3 % a year. The economy can grow even more if government spending comes in after tax loopholes are ended and costs of medical are brought in line with the quality of service provided by them. Currently per capita spending on medical is highest in world but in quality service its down at near 20 level. This can free lot of money for money on development of economy. I see a lot of future for USA economy.
    29 May 2013, 11:07 AM Reply Like
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