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02/08/10 - US stocks punge again Monday; DJIA closes down 105 points... 02/08/10 - US stocks punge again Monday; DJIA closes down 105 points... 02/08/10 - US stocks punge again Monday; DJIA closes down 105 points... 02/08/10 - US stocks punge again Monday; DJIA closes down 105 points... 02/08/10 - US stocks punge again Monday; DJIA closes down 105 points...

Real-Time Update

Bear Funds Scoreboard

More fund info on our
Bear Funds Page
ETFs delayed 15 minutes,
Mutual funds end of day.

Symbol	Price	Change
BGZ	19.54	0.45
DOG	54.75	0.54
DPK	19.32	0.63
DUG	14.06	0.20
DXD	32.13	0.57
EDZ	6.78	0.20
EEV	13.42	0.24
EFU	45.18	1.11
EFZ	63.45	0.68
ERY	13.05	0.34
EUM	43.29	0.44
EWV	48.92	1.13
FAZ	21.81	1.14
FXP	10.41	0.22
MYY	46.23	0.30
MWN	27.66	0.52
MZZ	23.89	0.29
QID	21.58	0.28
REC	5.84	0.09
RHO	33.93	0.27
RMS	32.93	0.46
RRZ	40.34	0.44
RSW	62.16	1.00
RTW	20.79	-0.13
RXD	34.98	-0.22
SBB	41.39	0.50
SCC	40.26	0.25
SDD	29.55	0.63
SDK	28.65	0.20
SDP	23.49	0.07
SDS	38.46	0.63
SEF	46.45	0.93
SFK	38.46	0.14
SH	55.12	0.45
SIJ	26.29	0.43
SJF	56.67	0.79
SJH	29.72	0.74
SJL	28.23	-0.04
SKF	26.37	0.97
SKK	22.34	0.41
SMN	9.88	0.33
SPXU	41.50	0.94
SRS	8.56	0.38
SSG	21.38	0.15
SZK	43.99	0.37
TLL	17.58	-0.02
TWM	28.07	0.57
TYP	10.93	0.18
TZA	11.44	0.32
AFBIX	21.32	0.16
BEARX	5.56	0.01
BRPIX	25.32	-0.08
DRCVX	2.36	0.00
DXDDX	20.97	-0.22
DXDSX	6.56	0.12
DXESX	1.81	0.04
DXKSX	10.57	-0.05
DXQSX	5.26	-0.08
DXRSX	2.46	-0.02
DXSSX	10.04	-0.06
FDPIX	26.52	-0.14
GRZZX	4.70	-0.02
PHBRX	16.15	0.07
PSAFX	12.37	-0.01
RRPIX	14.31	-0.03
RTPIX	23.96	-0.06
RYAIX	16.98	-0.13
RYCWX	27.63	-0.06
RYIRX	15.89	-0.16
RYJUX	14.34	-0.04
RYMHX	31.18	-0.07
RYSHX	31.17	-0.15
RYTPX	25.67	-0.13
RYURX	38.03	-0.09
RYVNX	8.16	-0.13
SHPIX	13.52	-0.07
SNPIX	13.78	0.09
SOPIX	12.65	-0.10
SPPIX	9.73	0.30
SRPIX	12.22	0.29
UCPIX	6.43	-0.07
UIPIX	7.42	-0.03
UKPIX	27.61	0.17
URPIX	10.88	-0.06
USPIX	6.03	-0.09
UVPIX	2.32	0.02
UWPIX	13.42	-0.03
UXPIX	14.41	0.34
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More Commentary From...

Stocks Drop on Debt Concern; Dollar Falls, Commodities Gain

By Stuart Wallace (bloomberg.com)

February 8 — Stocks fell amid concern that some European governments will struggle to fund budget deficits, while industrial metals rallied from last week’s rout and currencies of commodity producers gained.

The Dow Jones Industrial Average fell below 10,000 for a third straight day as Bank of America Corp. dropped 2.9 percent at 2:36 p.m. in New York. The Athens Stock Exchange General Index lost 3.9 percent and the MSCI Emerging Markets Index slipped 0.4 percent. The two-year Greek government bond yield climbed 24 basis points to 6.63 percent. The S&P GSCI Index of 24 commodities rose 1.1 percent, the first gain in four days. South Africa’s rand advanced against its 16 most-traded peers. Read more.

Greek Ouzo crisis escalates into global margin call as confidence ebbs

By Ambrose Evans-Pritchard (telegraph.co.uk)

February 7 — For the third time in 18 months the global financial system risks spinning out of control unless political leaders take immediate and radical action.

Flow data shows an abrupt withdrawal of German and Asian capital from Club Med debt markets. The EU's refusal to offer Greece anything beyond stern words and a one-month deadline for harsher austerity – while admirable in one sense – is to misjudge how fast confidence is ebbing. Greece's drama has already metastasised into a wider systemic crisis. The world risks a replay of the Lehman collapse if this runs unchecked, this time involving sovereign dominoes. Read more.

Stock investors see threats from all directions

By Tom Paradis (AP BusinessWire)

February 7 — The threats seem to be coming from all directions.

Jittery stock traders react to each day's news as if it could be the start of Financial Crisis 2.0. On Thursday, the Standard & Poor's 500 index suffered its biggest one-day drop in more than nine months because of worries about debt problems in Greece, Portugal and Spain. Concerns about China's plans to limit economic growth and proposed regulatory bank changes from Washington also have pummeled the market.

The fears aren't as intense as in 2008, when the S&P 500 fell 38.5 percent. But January was the worst month for the market since it began its recovery last March. And the S&P 500 has fallen 7.3 percent from the high of 1,150.23 it reached Jan. 19. Read more.

FreeWeek is Here!

February 3 — Robert Prechter and our friends at Elliott Wave International have just announced the beginning of their wildly popular FreeWeek event, where they've thrown open the doors to some of their most popular paid services to non-subscribers for one week only.

You can access EWI’s intraday and end-of-day Forex forecasts right now through next Wednesday, February 10. This unique opportunity only lasts a short time, so don't delay!

Learn more about EWI's FreeWeek now.

conversationsheader

01/13/10 - Doug Casey: "Stock Market Set to Crash"

(Interviewed by Louis James, Editor, International Speculator)

L: So, what's on your mind this week, Doug? I understand you've had a "guru moment"…

Doug: Well, it's nothing but a gut feeling, but I think the stock market is riding for a big fall this year.

Everyone was afraid the world was going to come to an end a year ago, and it almost did. But governments all around the world stepped in and printed up trillions of their various currency units – it's not just the United States. And still, retail price inflation hasn't blossomed. It seems that governments are bent on keeping asset prices up to avert panic. They focus on controlling perception instead of fixing the problem. It stems from an economic version of the theory that all we need to fear is fear itself. As long as we have the right psychology, everything is going to be okay – total nonsense. Read more.

U.S. government, on its way to bankruptcy, Part 3

By Michael Pollaro (trueslant.com)

February 5 — In Part 1 of this series, I made the case for a U.S. government that is quite literally out of control, a government that has committed to obligations so big, that unless policies change, it’s a government that’s on its way to bankruptcy.

Starting with the simple fact that the U.S. government has NO money, that it must tax Peter to spend it on Paul, I posited that in addition to the ever constant cry for more government spending in support of Paul, it’s the way the government taxes Peter that allows the government to spend so much on Paul. Read more.

Next in Line for a Bailout: Social Security

By Allan Sloan (finance.yahoo.com)

February 4 — Don't look now. But even as the bank bailout is winding down, another huge bailout is starting, this time for the Social Security system. A report from the Congressional Budget Office shows that for the first time in 25 years, Social Security is taking in less in taxes than it is spending on benefits. Read more.

Taleb Says ‘Every Human’ Should Short U.S. Treasuries

By Michael Patterson and Cordell Eddings man (bloomberg.com)

February 4 — Nassim Nicholas Taleb, author of “The Black Swan,” said “every single human being” should bet U.S. Treasury bonds will decline, citing the policies of Federal Reserve Chairman Ben S. Bernanke and the Obama administration.

It’s “a no brainer” to sell short Treasuries, Taleb, a principal at Universa Investments LP in Santa Monica, California, said at a conference in Moscow today. “Every single human being should have that trade.” Read More.

Warning: Capt Bernanke's sinking U.S.S. Titanic

By Paul B. Farrell (marketwatch.com)

January 29 — Let's call it "Titanic II," a classic remake. The Fed's the new Titanic. Bernanke, the egomaniacal captain.

His character reminds me of Bogart playing the paranoid, obsessive Captain Queeg in "The Caine Mutiny." Remember that threatened Navy captain who navigates into a fog, panics, nearly rams a battleship? That's "Capt. Ben" in "Titanic II." And given his handling of our banking system and the global economy, he'll sink the Titanic. Capt. Ben's a tragic figure. Read more.

02/05/10 - More Government Equals Fewer Jobs

Peter Schiff

By Peter Schiff
President of Euro Pacific Capital

With today's unexpected decline in December payrolls, the cry for more job-related stimulus will grow even louder. But the sad truth is that any new stimulus or jobs bills will ultimately swell the ranks of the unemployed, thereby raising calls for an even bigger federal effort. If we are not careful, government regulations, subsidies, and spending, all designed to fight unemployment, could push the labor market into a death spiral.

01/27/10 - Bernanke's Burn Notice

By Elliott Wave International

Like a spy who gets a burn notice, Federal Reserve Chairman Ben Bernanke has suddenly lost his support. Bernanke has gone from being Time magazine's "Man of the Year in 2009" to … what? A Fed chairman embroiled in a controversial reconfirmation process before U.S. Congress. Why the sudden turnaround in his fortunes? Read more.

02/02/10 - How to Talk to a Nincompoop

clark-jeff

By Jeff Clark
Casey's Gold & Resources Report

My Grandmother’s favorite word for politely describing the obtuse among us aptly characterizes a recent attack on gold. And that it comes from an investment magazine that commands front-of-the-rack prominence in waiting rooms across our great land is reassuring evidence we have a long way to go in this gold bull market.

11/04/09 - The Dethroning of the U.S. Dollar Will Happen Sooner Than You Think

fitz-gerald

Keith Fitz-Gerald
Investment Director
Money Morning

By now virtually every investor has heard the argument that the U.S. dollar is slated to lose its status as the global reserve currency. And that's good - as far as it goes.

What's bad is that many of these investors have yet to latch onto the fact that this could happen much sooner than many people realize and in a manner that will catch most by surprise.