(As of 7:05 am PST)
It is a troubled market this
morning. A commodities collapse in gold
and oil and most other areas is putting investors on edge. Troublesome economic reports from Asia,
including anemic PMI data from China is adding to investor tension and it
appears we are heading for a solid down day.
Federal Reserve minutes are due out today and there is worry that talk
of a reduction in economic stimulus later in the year might add to market
losses as investors see the Bernanke ‘put’ being reduced and risk becoming more
of a factor. Things can change
dramatically in this market with rosy scenarios coming up thorns at times. It has been a great run in 2013 thus far and
now might be a good time to take some profits.
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