-383.78 -3.36%HANG SENG 11571.11 -339.65 -2.85%
Lets hope this isn't indicative of the day ahead on Wall Street.
Posted on 05/09/2004 10:36:33 PM PDT by RWR8189
Edited on 07/19/2004 2:14:08 PM PDT by Jim Robinson. [history]
May 10 (Bloomberg) -- Asian stocks fell after a U.S. report showed a bigger-than-expected jump in jobs, fueling concern the Federal Reserve may raise interest rates as soon as next month. Sony Corp. and Samsung Electronics Co. led exporters lower.
(Excerpt) Read more at quote.bloomberg.com ...
-383.78 -3.36%HANG SENG 11571.11 -339.65 -2.85%
Lets hope this isn't indicative of the day ahead on Wall Street.
DJIA 3,500 in 2006.
Then the second wave down begins.
Sadly, you're probably right. Are you one of the ones that make money on others pain when the market falls?
No more than you made money on my pain when the market was up...
 NIKKEI 225 |
10,902.00 | -536.82 | -4.69% | 01:47 |
 HANG SENG INDEX |
11,575.92 | -334.84 | -2.81% | 00:35 |
Actually heard a DUDE today saying that before 2005 is out, the 10 year will test 2.5%...he expects that with consumers LOADED with REFI debt, much of it Floating Rate [in the fine print], a SHARP contraction in Cunsumer Spending...apparently actually now showing up in the RETAIL Numbers...will force Sharply Lower Stock Market Prices and a HUGE rush to Quality!!
I did! I sold all that crummy gold that never earns any interest!!! Gold futures down hideously this AM!!! Suffer baby!!!
SAN FRANCISCO (CBS.MW) -- Gold futures fell to their lowest levels in seven months, with last week's upbeat U.S. economic data triggering fresh concerns over interest rate hikes. "The fear of interest rates is taking a toll on the metals as the shorts squeeze the market and build on selling momentum triggered by the positive jobless report last week," said Kevin Kerr, editor of newsletter Kwest Market Edge. June gold is down $5.30 at $373.80 after a $372 low. It's trading at levels not seen since October. Mining shares are also lower, with the Amex Gold Bugs Index (HUI) down 2.1 percent.
You meant the second wave down for Gold Bugs, right?
Looks to me that gold shares are doing great.
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