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To: Wyatt's Torch; expat_panama; Drago
Warren Buffett just lost one billion on this
41 posted on 10/20/2014 6:27:25 PM PDT by Aquamarine
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To: A Cyrenian; abb; Abigail Adams; abigail2; AK_47_7.62x39; Aliska; aposiopetic; Aquamarine; ...
 
 

Tuesday, October 21, 2014

  Markets   yesterday   today
         
  metals   Gold continuing up to $1,245.85 & silver to $17.37    Futures @ 3 hrs. before opening +0.38%
         
  stocks   (from here) Nasdaq jumped nearly 1.4% on the fourth day of its rally attempt. Normally, that would be a strong enough gain to qualify as a follow-through day, but NYSE and Nasdaq volumes were well below Friday's levels.   Futures +0.07%

Only big report today is Existing Home Sales.

Brighter China data fails to lift stocks, dollar sags Reuters - 10 hours ago LONDON (Reuters) - A two-day rebound in global shares slowed and the dollar edged lower on Tuesday, as slightly above forecast Chinese growth data failed to erase concerns that the world's second-biggest economy is losing momentum.

Gold Goes Up As U.S. Dollar Falls Down  Gold futures rose as the U.S. Last week’s stock market turmoil was a boon for gold prices. Gold and stocks tend to move in opposite directions as the precious metal is seen as a store of value and a hedge against economic turbulence, while equities tend to benefit from U.S. Barrons.com


42 posted on 10/21/2014 4:07:44 AM PDT by expat_panama
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To: Aquamarine
Warren Buffett just lost one billion on this

Funny how the headlines like to imply that Buffet lost money, but it was his fund's money, and along w/ all the other holdings by yesterday's close the fund actually came out a half $B ahead.  Kind of reminds me of all the "Buffet Bets on Crash" stories we've been getting.

43 posted on 10/21/2014 4:17:13 AM PDT by expat_panama
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