Today is going to be an ugly one.
In addition to the headline's reference to the Dow, gold futures are currently down by THIRTY bucks - the biggest one day drop I've seen in some time. It's a good thing gold closed at a new high yesterday. That will take some of the sting out of it.
June 23, 2011, 7:49 a.m. EDT
Triple-digit decline in cards
U.S. stock futures fall on growth worries
Successful trial for blood thinner boosts Pfizer in premarket trade
By William L. Watts, MarketWatch
FRANKFURT (MarketWatch) — U.S. stock futures dropped on Thursday, pressured by signs of slowing growth in China and Europe a day after the Federal Reserve lowered its U.S. growth outlook but offered no hint of an additional round of quantitative easing.
Futures on the Standard & Poor’s 500 stock index fell 8.1 points to 1,271.70, while Nasdaq 100 futures declined 12.25 points to 2,217.25.
Futures on the Dow Jones Industrial Average fell 56 points to 11,967.
Full story: http://www.marketwatch.com/story/us-stock-futures-weaker-on-growth-worries-2011-06-23?dist=beforebell
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
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