Friday, May 25, 2012

Markets Close Lower in Advance of 3-Day Weekend

Even with Friday's losses, stocks finished the week marginally higher overall, despite the coninuing, nagging issues plaguing investors from Europe, the foibles of Facebook, and JP Morgan's continuing non-hedge losses, which could end up costing the firm a couple of quarter's worth of earnings.

The Industrials took the bulk of the pain today, as once again, the various indices did not automatically align. Thankfully, it's the start of a three-day weekend, so, to the three of you actually reading this and not out enjoying the Friday afternoon, what the heck is wrong with you?

We'll get back to dissecting the crumbling fiat currency regime on Tuesday, when markets are expected to open. A day may come when they don't, but for now, they still be to be the favored playgrounds of the rich, famous, infamous and criminally insane, and, frankly, they need the work.

Have a great weekend, try not to think about your investments too much (unless they're in gold, silver, real estate or guns and ammo) and enjoy life a bit. It's really not that long a stay each of us have here.

As always, Free Houses for Everyone!

Dow 12,454.83, -74.92 (0.60%)
Nasdaq 2,837.53, -1.85 (0.07%)
S&P 500 1,317.82, -2.86 (0.22%)
NYSE Composite 7534.33, -18.03 (0.24%)
Combined NYSE & NASDAQ Advance - Decline: 2819-2711
Combined NYSE & NASDAQ New highs - New lows: 53-69
WTI crude oil: 90.86, +0.20
Gold: 1,568.90, +11.40
Silver: 28.39, +0.23

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