Well, I was going to take the day off in celebration of doing my income taxes for the 40th time, but, sure enough, events seem to be overtaking my expected holiday.
First, EVERYTHING WENT DOWN TODAY. From Asian markets, european markets, US and South American markets, gold, oil, silver, corn, wheat... everything.
The fact that the world is entering the second stage of the depression will be obscured by the explosions near the finish line of the Boston marathon which occurred about 3:15 pm EDT.
The nightly news will be all over the explosions and may give 30 seconds to the facts that gold fell by the most amount EVER in one day (probably the same with silver), and US markets had their worst sessions of 2013.
Already, CNBC has pre-empted their normal coverage will wall-to-wall coverage of the Boston blasts.
And, so it goes, we get 9/11 and September, 2008, all rolled into one.
You are welcome to draw your own conclusions. I'm taking the rest of the day off. When more normalcy returns (tomorrow), I'll post a complete column on what all this might mean.
Dow 14,599.20, -265.86 (1.79%)
Nasdaq 3,216.49, -78.46 (2.38%)
S&P 500 1,552.36, -36.49 (2.30%)
10-Yr Bond 1.70% -0.02
NYSE Volume 5,244,061,000
Nasdaq Volume 1,776,598,375
Combined NYSE & NASDAQ Advance - Decline: 868-5689
Combined NYSE & NASDAQ New highs - New lows: 142-137
WTI crude oil: 88.31, -2.98
Gold: 1,357.50, -143.90
Silver: 22.92, -3.41
Monday, April 15, 2013
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