Posted on 04/25/2011 7:12:13 AM PDT by Oldeconomybuyer
Stocks faltered after the opening bell Monday on Wall Street as traders remained concerned about rising oil prices. Brent crude oil rose above $124 a barrel, pushed higher by an escalation of violence in the Middle East.
Silver jumped more than 5 percent and gold rose as investors sought shelter against a weaker dollar, while prices of grains surged on supply fears.
Investors are also looking for clues this week from the Federal Reserve, which is meeting to discuss the direction of monetary policy when the Fed’s bond-buying program ends in June.
(Excerpt) Read more at nytimes.com ...
KMB hit hard on margin compression.
Expect others to follow.
China is dumping our Bonds.
I love articles like this: if the authors actually knew what was driving the markets up or down, wouldn’t they be sitting on a beach, sipping Pina Coladas while the money poured in from their 500 million dollar stock portfolios?
It is so artificially high, it isn't even funny. The only reason it is high is because of artificial money, supplied by debt and the Fed.
The Market should be 4,000.
I cashed in all of my T-bills already, the last of them just last week.
I think it is only a matter of time before these things are worthless.
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