Market Currents
Thursday, November 5, 2009
10:08 AM
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Buying strength carries through early on, with major indexes now back around their post-FOMC highs, before a last minute selloff took the wind out of what would otherwise have been a strong up day. DJIA +1.4% to 9936. S&P +1.2% to 1059. Nasdaq +1.7% at 2091. Dec. crude -0.7% to $79.85. Gold +0.25% at $1,090. Treasurys are flat, as is the dollar.
This news story has 4 comments:
that's why starting today, you can sign over THE DEED TO YOUR HOUSE to the gov't and rent it back from them. Tell me WHY this "new program" has been released NOW??? The only reason must be because the financial system CANNOT HANDLE the future wave of foreclosures that a stubborn 10% level of unemployment will cause.
Remember, those stress tests were only good for 10.3% unemployment. We are actually already past that, it's just a convenient reporting glitch that enables the govt to report 9.9%.