Monday, June 7, 2010

US Dollar ETF....

The other place to hide...

Here's a nice chart....Natural Gas...

This makes alot of sense as there will undoubtedly be a push toward "cleaner" fuels after the Gulf dissaster. 

You know it's a bad market when....

No real surprises, as Apple's (AAPL -0.9%) new iPhone 4, introduced today, boasts a thinner design with 100 new features, including video chat, a front-facing camera and better battery life. Steve Jobs: "Beyond a doubt, the most precise thing and one of the most beautiful things we’ve ever made."

Market Breadth is getting ugly, however Volume has been low compared to recent past.  This means there are clearly no buyers around.

I don't like Mondays....

Market recap: Stock losses accelerated after a new report showed continued weakness in borrowing among U.S. consumers. It was all the excuse needed in this shaky market to send shares reeling to session lows. Decliners routed advancers on the NYSE by about four to one.

At the close:

Dow -1.16% to 9816.
S&P -1.35% to 1050.
Nasdaq -2.04% to 2174.