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SPDR Gold Shares Message Board

  • ben.franklin36 ben.franklin36 Apr 2, 2009 10:22 AM Flag

    No wonder the market is Happy

    1) Consumer loan delinquencies rise in 4th quarter;

    2) U.S. jobless claims highest in more than 26 years;

    3) North Korea warns Japan and USA a "revenge" if tampered with;

    4) Large writedown almost doubles Rite Aid 4Q loss...

    and on and on...

    No wonder the market is cheerfully up today.

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    • MArk to market is essentially dead due to FASB ruling. This is the single most important news in the past few months. Plus mortgage rates are down to 4.78%. Stay doom and gloom if you like, and talk about inflation (dude, we had what was hyperinflation to me over past 30 years already and gold is still at 1980 price more or less). Sad.

113.98+0.07(+0.06%)10:38 AMEDT