The market has deteriorated significantly as news that the House vote failed to pass the bail out package crossed the newswires. At this point it may be unlikely that the bail out package passes or restores any confidence. This market is very oversold, but the path of least resistance in the interim and long term remains down. I am mostly cash and gold right now.
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Global Markets
DJIA 10543.60 -23.73
NASDAQ 2353.30 -5.65
S&P500 1142.50 -3.11
^RUT 671.11 -3.82
^FTSE 5612.64 -27.93
^GDAXI 5928.86 -7.86
^N225 10664.95 +101.03
000001.SS 3051.28 +2.35
^BSESN 17167.96 +69.63
^TYX 4.71 +0.18
^TNX 3.74 +0.22
^FVX 2.41 +0.29
^IRX 0.14 -1.30
^VIX 18.89 +0.32
XLF 15.47 +0.00
XLY 31.82 -0.07
USO 39.84 -0.06
UNG 8.19 -0.14
GLD 108.23 -0.24
SLV 16.64 -0.02
DBB 21.63 -0.20
DBA 24.49 -0.03
USDJPY=X 90.45 +0.00
USDCHF=X 1.07 +0.00
EURUSD=X 1.36 +0.00
GBPUSD=X 1.50 +0.00
AUDUSD=X 0.91 +0.00
NZDUSD=X 0.70 +0.00
2010-03-11 09:47 -
Categories
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Archives
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Karl Denninger is leading the charge to expose the risks of this bill to the American tax payer. See his opinion here:
http://market-ticker.denninger.net/archives/594-MAKE-THIS-VIRAL-STOP-THE-BAILOUT!-SAVE-AMERICA!.html