Monday, September 5, 2011

Quick Commentary

  • Sept is historically a weak month for equities..
  • Employment data came in at zero, way below the 85k predicted number, however this stokes the speculation that Fed will add stimulus. This was the weakest reading since sept 2010.
  • Oil dropped 2.9% to $86.33
  • US markets closed tonight, so could be just a precautionary sell-off as portfolios are positioned for the Fed announcement
  • Euro continues to get whacked at 1.41 as renewed tensioned in Greece about disagreement from greek authorities and debt inspectors putting a concern about the EU bailout.