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Internals were negative, with volume up a bit. Advances/declines were 7 to 12 on the NYSE and 2 to 3 on the Nasdaq, with up/down volume 1 to 2 on the NYSE and 4 to 5 on the Nasdaq. New highs/lows were 92/1 on the NYSE and 82/16 on the Nasdaq.
Leaders — Comp. Hardware (+0.96%), Retailers (+0.83%), HMOs (+0.81%), Network (+0.58%), Natural Gas (+0.49%), Semis (+0.41%), Disk Drives (+0.38%), Software (+0.32%)
Laggards — Metals (-2.16%), Gold/Silver (-1.47%), Biotechs (-1.41%), Banks (-1.29%), REITs (-1.23%), Homebuilders (-1.18%), Chemicals (-1.11%), Broker Dealers (-0.97%)
An extensive visual representation of the day’s winners and losers can be found at Finviz.com.
Treasury Yields — 6-Month : 0.14 %, 2-Year : 0.29 %, 5-Year : 0.82 %, 10-Year : 1.94 %, 30-Year : 3.08 %
Energy Prices — Crude oil: $101.13/barrel, Gasoline: $2.99/gallon, Natural Gas: $2.54/mmBTU
US Dollar Index — 79.450
Precious Metals — Gold: $1720.70/ounce, Silver: $33.57/ounce, Platinum: $1626.00/ounce
BMB Note:
Didn’t the Dow bounce like 90 points in the last half-hour…? Not like that’s anything new or anything. Same ol’ crap.
Sorry I haven’t been posting much lately, but to be honest, the financial scene just hasn’t been able to keep my interest of late. Matter of fact, it’s been boring me terribly. Seems like the little news I read is the same stuff, over and over: Greece/Europe is fixed – AGAIN (no it isn’t, yes it is), housing/the economy/the job market is improving (no it isn’t, yes it is), governments continue deficit spending (yes they do, yes they do), and central banks threaten us with catastrophe, then proceed to print money until the world runs out of trees. Oh, and just buy gold cuz it will save you from all of the above.
Whatever. Maybe my interest will return someday – and maybe not. In the meantime, I’ll be keeping myself busy with other things, so don’t expect the pace here to pick up anytime real soon.
You forgot to mention the periodic “Buffet says…” that comes out to either tell us the rich need to pay more taxes or sell gold.
In the meantime, here’s a four documentary on YouTube. 4 hours – how did they upload that to YouTube?
The Ascent of Money: A Financial History of The World by Niall Ferguson Epsd. 1-5 (Full Documentary)
I’m glad it’s just not me, who is bored with all this nonsense. It’s no wonder that volume keeps on going down. Another factor is the HFT which is making a bigger joke of this BS. I would expect at some point- who knows when- this is going to collapse. Right now the market is a lynchpin of madman Bernanke’s policies of the big lie. The market’s up therefore the economy is doing well. Also Obama is using this for his re-election campaign. I can actually remember the market as a capital raising tool to expand the economy. Now it’s just a bad joke.
I think you’ve got it John. Exactly right on all counts.
This time is different – Goldman Sachs, bottom feeding and “risk on again”?
link
Party like its 1999? Well, I guess we know what came next…2000 and kablooey!
Nah, this time its different, right?
The theme seems to be “don’t fight the tape”.
Never mind if the “tape” is just a song and dance generated by trading algorithms.
Well still, you can’t fight those algos. They’re a lot bigger and badder than any of us are. And they’re more than happy to take your money.