Monday, May 10, 2010

20100510 PM

Dow 10,785.14 +404.71
Nasdaq 2,374.67 +109.03
SP500 1,159.73 +48.85
10-YrBond 3.54% +1.10

Nearly 1 trillion in EU debt guarantees were announced over the weekend. Markets gapped higher and closed near the opening levels.
Through currency swaps, the Federal Reserve participates in the Euro-zone bailout while putting American taxpayers and the US dollar at risk.

GLD 117.57 -0.70
SLV 18.11 +0.11
PTM 20.20 +0.37

XLE 57.34 +2.35
XLF 15.93 +0.84

VXX 25.08 -4.17

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