Posted on 05/23/2010 10:03:35 PM PDT by blam
Week Already Off To A Weak Start: Nikkei Down, S&P Futures Down
Joe Weisenthal
May 23, 2010, 9:50 PM
The weekend's long over, and once again, investors are in the mood to sell.
Kicking things off is the Nikkei, which has opened to the downside.
Image: Nikkei.com
US futures are moving in the same direction. Dow futures are off over 60. S&P futures are down 8.
Most other key markets are pointing towards risk-aversion as well. The euro is slipping along with copper, palladium, and oil.
And the world's favorite new bellwether, the aussie dollar, is down as well. Watch, soon you'll be checking that first every day.
Gold is up modestly.
[snip]
Read more: http://www.businessinsider.com/week-already-off-to-a-weak-start-nikkei-down-sp-futures-down-2010-5#ixzz0ootRWECe
(Excerpt) Read more at businessinsider.com ...
(Google Bloomberg + Dow to get an update)
There goes my 401K. There goes my money for retirement.
Who said that the Market has no relevance to main stream Americans.
-18 now.
You're not alone. Most of us that are approaching retirement in the private sector have only 401k plans for retirement money. The stinking politicians have their sights set on stealing what hasn't already been severely damaged by the outrageous spending sprees. The government employees who expect defined benefit retirements are going to discover that the government has no money. The 401k funds of retirees aren't going to be contributing much to the income tax revenues either. Obama and the socialists are swirling the economy right down the toilet.
“There goes my 401K. There goes my money for retirement.”
Cheer up. Dear leader will make sure you have a cozy 600 square foot flat on the 14th floor of a lovely concrete tenement in downtown Brooklovasky. You will also be allowed a loaf of bread and a few onions each week.
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