March 10 (Bloomberg) -- Stocks slid, driving U.S. and European benchmark indexes to near the lowest levels since at least January, the dollar rose and copper fell as American jobless claims increased, export growth slowed in China and Germany and Spain’s credit rating was cut. As I mentioned yesterday, watch for weak commodities and rising volatility. The market ignored the global problems, but there are many: European banking crisis, the US banking crisis with municipalities in trouble, and the unrest in he Middle East..
In spite of this mess there are still asset classes performing well. It is not surprising to see, for instance, LQD gaining this morning with the market down 1.50% -- if you read my previous posts.
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked second best gold timer by Timer Digest
To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can subscribe to The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific investment portfolio.
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