August 18, 2009 · 6 comments
in BNN, Canadian economy, China, VIX volatility, economy, indexes, international economy, investing, market reports, recession, seasonal investing
Yesterday, August 17, 2009, China’s Shanghai Index posted the single biggest one-day loss so far for 2009 (and in fact since November 2008), dropping about 6% on concerns about the resiliency of China’s GDP numbers and consumer activity going forward.
Global Markets Sell-Off
This was the catalyst that sent oil down below $66 from a stable two-week [...]
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So, we’re finishing up the eighth straight week of the bear market rally of March-April 2009. Everyone’s asking how long it will last. Last week, Schiff mentioned the rally in passing, but this week he addressed it head on. Simply put:
both some bears and some bulls are wrong going ahead
stocks are up in nominal [...]
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