Shizane's Accounts

[Shizane]

Another down day in the market, DOW has worst week of 2013.

DOW closes the week down around 2.2%.

NASDAQ closes the week down around 1.6%.

S&P 500 closes the week down around 2.1%.


Issues causing the down markets could include, but not limited to:

A Market Correction - coming off the all time highs, could easily continue next week.

Troubles in Egypt - over 600 confirmed deaths in protests.

Thoughts of Tempering - government debating slowing bond buying.

Treasury 10 Year Yields - closing around 2.84%, highest level in two years.

Mortgage Rates - rates have increased to 4.52% from 4.32% last week for a 30-year fixed and have increased to 3.54% from 3.38% last week for a 15-year fixed (according to BankRate). The increase could be because of the rise in the yield on the 10 Year T-Note; which it tends to follow.

Retailers - Walmart and other have revised estimates lower for the rest of year and into FY14.

Gold and Silver - both had incredible gains this week, almost as if the market were running into the precious metals.



*I have updated the America! Portfolio balance for week ending on Friday August 16, 2013