S&P 500 (SPY) futures -0.8% and Nasdaq 100 (QQQ) -0.9% as markets elsewhere fall sharply...


S&P 500 (SPY) futures -0.8% and Nasdaq 100 (QQQ) -0.9% as markets elsewhere fall sharply overnight. The Nikkei declined 1.5% and the yen rose 0.6% after the BOJ offers up no new candy and sounds a bit more upbeat on the economy. Europe (FEZ) is off 1.7%. Treasurys continue to slide, the 10-year yield now up to 2.26%.
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Comments (4)
  • CraigPowell
    , contributor
    Comments (130) | Send Message
     
    Good morning!
    It is a good day to buy the dips.
    11 Jun 2013, 07:44 AM Reply Like
  • CaladesiKid2
    , contributor
    Comments (305) | Send Message
     
    Goodness, I hope you are correct as the alternative may well be a precipitous drop to any level of support. It may well be such a precipitous drop that fear will feed the decline.
    11 Jun 2013, 09:19 AM Reply Like
  • bjamesh
    , contributor
    Comments (275) | Send Message
     
    Testing the 50 day moving avg. (SPY~160.8) will now commence.
    11 Jun 2013, 08:57 AM Reply Like
  • bjamesh
    , contributor
    Comments (275) | Send Message
     
    Some pretty big losses in SE Asia overnight as well.
    11 Jun 2013, 09:25 AM Reply Like
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