Daily Investment Interpretations
June 7, 2010
Stocks fell again today after the incoming British Prime Minister, David
Cameron, reported that the British debt situation is even worse than britishers
have been told.:
The NASDAQ Composite shed 45.27
to 2,173.90, the Dow dipped 115.48
to end the day at
a 7-month low: 9,816.49
and the S&P 500 fell
to end at 1,050.47.
Oil was basically unchanged at $71.60 a barrel, while Gold rose
to $1,240. The VIX added 1.09
Stock futures are up about ⅔ percent tonight, perhaps because Ben Bernanke says he doesn't foresee a double-dip recession: Bernanke: no double dip. At the same time: Will trading-range bottom hold? (video)., and Bear market rallies elusive (video).
One very important article is this piece from Paul Krugman: Permanent Link to Madmen in Authority.