Financial sectors continue to drag the broader markets down. Assisting with the decline today is retail which is also selling down.
The “flight to safety” has continued to pick up pace. This afternoon, the 10 year treasury note yield has fallen to its lowest levels since September 2005. The lower the yield, the more cash is being put into these notes and being taken away from stocks.
Recent Posts:
- Taxpayers to the Rescue of Afghanistan Banking Crisis?
- Economic Data and Earnings Schedule for September 2 2010
- Christina Romer Makes a Final Recommendation Before Leaving To Teach Keynesian Economics
- Homebuilder Hovnanian (HOV) Reports Dismal Quarter
- Auto Sales Data for August 2010
- Stock Market Rewind – September 1, 2010
