Daily Investment Interpretations

June 7, 2010

2010-6-7:  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 points (-2.04%) to 2,173.90, the Dow dipped 115.48 points (-1.16%) to end the day at a 7-month low: 9,816.49 (-1.16%), and the S&P 500 fell another 14.41 points (-1.35%) 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 to 36.57.
    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.