Nasdaq 2,948.57 -3.21
SP500 1,362.21 +0.98
30-yrBond 3.19% +0.03
Stock indices higher on open, then went red. Past 3+ weeks markets have been unable to make higher highs with volume. Question is WHEN there will be a sharp downdraft.
GLD 171.02 +3.67
SLV 33.38 +1.10
PTM 21.00 +0.57
XLE 75.38 +0.51
XLF 14.77 -0.02
VXX 26.56 -0.03
Wanted to be short over the long weekend. This morning Greece's rescue plan was confirmed, putting the risk on trade back into play. If Greeks are as smart as the Icelandics, the Greeks will bail. Or they will pass laws which will keep them in debt:
Greece will also have to pass within the next two months a new law that gives paying off the debt legal priority over funding government services.Silver lease rates stopped declining.
DSLV 29.30 -3.43 (-10.48%). Sold at 30.19 for 2.02 per share loss.
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