(as of 7:10 PST)
Stocks are struggling out of
the gate this morning. Mega investor
Carl Icahn threw water on the positive momentum by calling for a
correction. Though known mostly for his
calls that benefit his own investment positioning, his comments sent shivers
through the investment community as traders ponder if we have come too far too
fast. Gold is up slightly while oil
continues its downward trend. Interest rates are stable. International economic bodies have reduced
future GDP growth prospects for 2013 and 2014.
Interest swirls around the new virtual currency known as BITCOIN. Extreme price swings in the value of BITCOIN
have occurred as the US Congress has hearings of the idea. Could we be looking at a new global reserve
currency to rival the US dollar? Way too
early to tell, but the fact that that the establishment is even dealing with it
is a giant positive for the future of the BITCOIN.
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