Stock markets were shaken overnight & today after yesterday's Federal Reserve meeting. It signaled the economic recovery is in more trouble than had been thought. More taxes (many not so visible) from DC are not helping matters. There is a flight to safety once again plus the Treasury will be buying Treasuries. Treasuries continue
red hot with the yield on the 2 year Treasury note falling below 50 basis points, another record low! The risk averse crowd is also buying gold, up $10. Stocks are preparing for a much lower opening with Dow futures off more than 100.
U.S. 3-month |
| 0.15% |
U.S. 2-year |
| 0.50% |
U.S. 10-year |
| 2.72% |
Sorry, I'll be away for awhile with an emergency dental visit. Best of luck to all.
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