Tough Markets, the worst June for Dow since the great depression of early 30s. The Dow is down nearly 9.5%, S&P500 nearly 8%, RUT nearly 5.5% and Nasdaq nearly 7.5% for the month of June so far and we still have one more trading day left. Dow Jones industrial average…
There are two major economic indicators due today. Durable good order at 8:30am US EST and of course the FOMC announcement at 2:15pm. Markets may not move as much in the morning but expect the big move around 2:15pm to 2:30pm. Implied volatility of the July options will rise before…
Sen. Barack Obama won the Democratic Party’s presidential nomination Tuesday, becoming the first African-American to be nominated for president by a major U.S. political party, dealing a stunning defeat to one-time front-runner Sen. Hillary Clinton and bringing to a dramatic close an unprecedented and historic primary race in American politics….