Dow now down more than 180 points!
Wednesday, April 17, 2013
Broad Market Weakness, Ugly Omens
This first headline suggests that despite all the easy money, even large manufacturers are a bit scrapped for cash and are taking it out of the hides of their suppliers. But this is only going to hurt their suppliers, which are generally much smaller companies. This will hurt their profits and may lead to layoffs. This will only lead to greater weakness. Bad omens all around!
Tuesday, April 16, 2013
Monday, April 15, 2013
Stocks Down On Bad Economic News
China's GDP fell more than expected.
Home builder confidence plunges.
Number of non-performing loans in Europe rises.
Dow has been down 100, but appears to be attempting to rally at the moment.
Gold, Silver Slaughtered in Japanese Bond Panic
Investors are forced to sell their gold and silver to cover losses in Japanese Government Bonds. The resulting volatility is causing exchanges to increase margins, thus causing another cycle of selling and volatility. Gold is down $140 thus far. Silver is down more than 11% so far.
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