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S&P 500
5,436.44
(
-0.50%
)
US TECH 100
18,227.60
(
-1.77%
)
Dow Jones
40,743.33
(
0.50%
)
Brent Oil
78.57
(
-0.73%
)
Bitcoin
66,257.04
(
-0.85%
)
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techcharter

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techcharter

Re: pegwatcher post# 35588

Wednesday, 09/24/2008 8:28:35 PM

Wednesday, September 24, 2008 8:28:35 PM

Post# of 51819
PEG - What if Bill Passes?

The equities market is melting down regardless of the bill. Actually I think it's getting worse than before a plan was announced to calm the markets last week. The chart of the 10 yr yield has held its post bill news spike, while the US markets have dropped BELOW Thursday's close. The NDX gave back over 70% of the spike!!! and don't forget LIBOR is screaming higher.

Gold and oil have pulled back from their spikes as they signal there is still inflation fear in the air.

It looks like stocks and bonds are both in selloff mode.
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