Stocks set to add to yesterday's loss at the open


Stocks look to add to yesterday's big losses - at least at the open - as major index futures are all off about 0.2%. Initial jobless claims are due at 8:30 ET and expectations are for the number to bounce back to 320K after whooshing down below 300K last week.

Europe's down about 0.5% and Asia - led by a 1.1% drop in Tokyo - was lower overnight.

The 10-year Treasury yield is off one basis point at 2.85% and gold is off 1.5% to $1,238 per ounce.

Index ETFs: SPY, QQQ, IVE, SH, DIA, SSO, SDS, PSQ, IVV, SPXU, UPRO, VOO, QID, TQQQ, DOG, RSP, SQQQ, DXD, QLD, RWL, EPS, UDOW, SDOW, IVW, DDM, SPYG, RPG, SPYV, BXUB, RPV, QQEW, VOOG, QQQE, VOOV, TRND, SFLA, BXUC, QQXT, FTA, BXDB, TNDQ

From other sites
Comments (1)
  • AndrewBaker
    , contributor
    Comments (2684) | Send Message
     
    Maybe this is the correction that's due. Whether it is or not, with gold down as much as it is, now's a good time to buy either physical gold or gold mining shares [perhaps an ETF like Market Vectors Gold Miners (GDX)], which are a geared play, as any rise in the gold price gives the miners a greater percentage profit on their mining costs.

     

    The market can take a 5% correction, though it may get to be more through panic selling, but on the whole, I see this as the precursor to a five year bull market for equities. The markets have not been moving up recently just because of QE, but also because business conditions are improving, so companies will make more profits and be worth more. And if we're going to get inflation any time soon, then investing in real assets such as profitable trading businesses and corporations is a no-brainer necessity, IMHO.
    12 Dec 2013, 08:47 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs