And You Thought it Looked Bad in January
10th March 2008
The stock markets are closing in on the January intraday lows. They are well past the end of day lows from two months ago. This time around, there doesn’t seem to be a bounce in sight. We will see how well support holds tomorrow.In the last week the only things that seem to be going up (besides inverse stock funds) are bonds, currencies (you might call these inverse dollar funds), and oil (another record high). Even recent high fliers like gold and grains are taking a break after last week’s insanity in the commodities markets.
It’s so volatile in the bond markets, Bob needs a couple days off just to regain his sanity.
-JD