Due to an ongoing health crisis in the family, blogging will be 'on and off' as time and circumstances permit for the foreseeable future. I also beg your indulgence if I am slow in responding to emails. New posts will appear below this notice.

Wednesday, November 07, 2012

Stocks Get Hammered On Election and Europe

The stock market is taking a shellacking today following the US  election and grim economic warnings from Europe. As of this writing all of the major indices are down sharply with the Dow off by more than 330 points. Gold and oil are down slightly and the yield on the benchmark ten year US Treasury bond is down by 11 basis points (6% !) as investors flee the financial markets.

1 comment:

bluto said...

Yeah I'm quite surprised that Wall St (effectively the home of quant modeling) wasn't pricing in all the quant election models that predicted a high likelihood of Obama victory. Oh well missed arb opportunity.