By: The Market Man
For the first time in weeks the markets actually responded to the economic factors responsibly. Wall St fell as US treasury bonds yields (interest returns) rose. “Yields are rising to levels that are becoming very worrisome for the economic outlook,” said William Sullivan, chief economist at JVB Financial Group in Boca Raton, Florida. Bond prices declined in afternoon trading, causing their yields to rise, as concerns about the heavy supply of debt weighed on the market despite a well-received auction of new five-year notes. The yield on U.S. Treasuries is a key benchmark for many lending rates. Folks, market volatility is rising at a very fast rate. If you are staying in please buy options to protect yourself for the coming correction. I recommend Calls on ETF ‚ĶSDS‚Ķdouble ultra short S&P options.
A storm‚Äôs a brewing. The stats are‚Ķ‚Ķ.The Dow Jones industrial average .DJI fell 173.47 points, or 2.05 percent, to end at 8,300.02. The Standard & Poor’s 500 Index .SPX was down 17.27 points, or 1.90 percent, at 893.06. The Nasdaq Composite Index .IXIC was down 19.35 points, or 1.11 percent, at 1,731.08. Volume was thin‚Ķno new investors at the gate. Be careful, very careful.
