Thursday, May 10, 2012

Rebound Attempt Thursday; Gold Glitters in the Eyes of Goldman and Rogers; Presidential Election Year Market Performance


Stocks are attempting to bounce off of support which as noted yesterday was looming. Gold managed to bounce off the lows yesterday and is flirting with $1600. One of the positive inputs for the market is the 1,000 (I guess they are desperate) decline in jobless claims. The trade deficit in March ballooned to over 51 billion. The significance with that figure is that it will take .4% percentage points off of GDP and knock it from 1.9% to 1.5%. Now that’s a vibrant recovery! haha. Read more...

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