what’s interesting is that commodities are getting whacked as well. Speculators obviously active in those markets as well.
While commodities have done well..., if you have margin calls..., they will be sold down to cover!
That said..., at least such contracts represent tangible goods and not promises or balance sheets of dubious validity!
I just caught that too.
You know, this global meltdown might have one major benefactor, at least eventually. The US is the reverse correlator for so much of this crap that has been going on. Maybe we become the safe haven, though something tells me that we wind up taking a major dump Tuesday here at home.
I’m in the inv biz, and seeing rationality restored to the equity and commodity markets is actaully a welcome sign, and should greatly benefit the usd, us equities and bonds.