Thursday, May 05, 2011

Another red day on Wall Street

The US Dollar Index rallies sharply as bonds rise.  Stocks continue their week long slide with the S&P 500 down as of this writing by more than 1%.  Commodities continue to get hammered with near panic selling in silver (down by more than 11%) and oil down near 10% and trading below $100 a barrel.

On the upside this weekend may be a good time to gas up the car.

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