Bonds Tumble With Stocks as Gold Drops in Rout on Fed
Bonds and stocks fell around the world, with the benchmark index of global equities sinking the most in 19 months, after the Federal Reserve said it may phase out stimulus and China’s cash crunch worsened. Gold led commodities lower.
Chairman Ben S. Bernanke said the Fed may start reducing bond purchases that have fueled gains in markets globally, and end the program in 2014 should risks to the U.S. economy abate. A report today may show the U.S. housing market is improving, at the same time data from China, the biggest developing-nation economy, indicated manufacturing shrank at a faster pace and the benchmark money-market rate climbed to a record.
And see you again :) Very excited to see how people are react to this. All start with couple of cents down. Only one man say something the whole world shake. I wish I could at his position obe day. Dreaming now :-)
Red is the colour of prosperity! Plenty of good stocks to pick at a bargain. Only thing if I don't have the money! But the selling has not sopped yet. Not the time to buy yet. Just wait for the buy signal.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
powerwk
1,690 posts
Posted by powerwk > 2013-06-20 16:31 | Report Abuse
Lee Meng Fatt, you miss 0.88? Haha I got it man.