Dow 12,820.60 -34.44
Nasdaq 2,933.82 +0.18
SP500 1,353.39 -4.60
30-yrBond 3.02% -0.04
10 year USA debt sold at record low of 1.75%. The Federal Reserve is working overtime buying debt through their primary dealers.
Thursday evening JPMorgan Chase revealed a $2 billion trading loss. The bears had a huge opportunity Friday, but the market was stable. The bears may be out of fire power.
GLD 153.56 -1.21
SLV 28.08 -0.17
PTM 17.79 -0.02
XLE 67.34 -0.50
XLF 14.81 -0.17
VXX 17.48 +0.27
BOX 18.40 -0.14. SeaCube Container Leasing Ltd. 6% dividend. 52 week range 10.26 - 19.08.
IPG 11.60 -0.04. Owns a stake in the over-reported upcoming Facebook IPO.
JPM 36.96 -3.78 (9.28%). Thursday evening reported a $2 billion proprietary trading loss on supposed hedges. The sell-off may be overdone in the short term. In the medium term, this is a warning sign of impending cracks in the system.
