U.S. sovereign debt rating
S&P 500 has best 8-day gain since 2009Posted by RJ and Makay on Sep 01, 2011 |
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With yesterday’s rise in U.S. stocks, the Standard and Poor’s 500 index had its best eight-day gain since 2009, on speculation that the U.S. economy will keep expanding. The S&P 500 was up 8.5% from August 19 through August 31, and yesterdays 74.89 gain in the Dow Jones Industrials erased the year-to-date decline in the Dow.
Gold reaches all-time highPosted by RJ and Makay on Aug 11, 2011 |
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Gold futures reached a new record yesterday, topping $1800 for the first time. Gold is seen as a haven from stock market volatility and currency debasement amid escalating U.S. and European debt woes. The MSCI World Index of shares neared the lowest level since last September as shares tumbled in world markets this past week. Through Wednesday, gold rose 8%, the biggest three-day rally since November 2008.
Larry Bossidy
