The stock market
for the United States started this week right off of the wrong foot. Gold,
which appeared to be on the upswing during the last month, slid right on the
way down this month. Let’s take a look at the stock market report for Monday
February 6th 2012.
Stock
Market Report 2/6/12: Not a Golden Day
On the bright side, we have not
lost too much ground, but it could merely be a trickle before the blood is
going to flow. The situation right in Greece did not seem to inspire
confidence, as there is no golden haven right in the country. The situation in
Greece and other European countries are something that causes some problematic
views for the economy. And problematic views with the economy causes the stock
market to be on shaky ground.
It seems right now, we live and
die by virtue of those gold futures. Gold futures were the only thing that
seemed to be on the upward trend but now we are rather shaky trend. As with
always, it is too soon to tell. As more information tends to come out, and more
news, we might get some encouraging news and some not so encouraging news. The
teeter totter that is the stock market continues to rise up and down.
The rally that occurred over the
first few weeks of 2012, where there is no sign to say that we cannot turn that
around, but there is also no indication that it won’t just undo what gains have
been accomplished. 2012 had some promising news last week with highs which had
not been seen from years, but as anyone who has paid attention the last few
years, the highest of highs can turn around, depending upon investor
confidence. It remains to be seen whether you should fully stick both feet into
the murky shark infested investing waters.
Dow Jones: 12,842.86(-19.37)
NASDAQ: 2,901.99(-3.67)
S and P 500: 1,344.29(-0.61)
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