News. Stock futures were off to a strong start Monday morning as a weaker dollar helped lift the commodity markets.
As of 8 a.m. in New York, the Dow Jones Industrial Average futures were up 93 points, or 0.9%, to 10,396 while the S&P 500 futures rose 11.1 points to 1,101.20 and the Nasdaq 100 futures were up 16.50 points to 1780.
Gold, once again, struck a new all-time high in Monday trading as the weakness in the U.S. dollar pushed more traders into hard assets. The precious metal was up 1.65% to $1,165.70 a troy ounce as the U.S. dollar index fell 0.8% -- the first time in three days.
My point. We will know this is a bubble when it implodes. It is interesting how we solve previous problems with new bubbles. All those experts in Washington seem the have decided this is the only way to manage our affairs.
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George Dagnino, PhD
Editor, since 1977
Ranked Top Market Timer in 2009 by Timer Digest
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