In spite of jaw boning by the Federal Reserve in USA and waste of public funds by Central banks around the world by printing more and more Dollars, Yens, Euros,and Brazilian Reals and Indian Rupees the markets started the third leg down yesterday.
We had the First leg down from May 22 to June 6 followed by Second leg up from June 6 to June 19. Those who have read our book know that the the 3rd leg down is usually longer lasting and more ferocious than the first leg down.
Currencies around the world are falling against the dollar.
Stocks around the world as of 5:30 AM Pacific time on June 20, 2013
We had the First leg down from May 22 to June 6 followed by Second leg up from June 6 to June 19. Those who have read our book know that the the 3rd leg down is usually longer lasting and more ferocious than the first leg down.
Currencies around the world are falling against the dollar.
MAJOR CURRENCY PAIRS
| Price | Change | %Change | ||
|---|---|---|---|---|
| EUR/USD | 1.3215 | | -0.0079 | -0.59% |
| USD/JPY | 97.61 | | 1.15 | 1.19% |
| GBP/USD | 1.5475 | | -0.0009 | -0.06% |
| USD/CAD | 1.0333 | | 0.0061 | 0.59% |
| USD/CHF | 0.9312 | | 0.0032 | 0.34% |
| AUD/USD | 0.9231 | | -0.0061 | -0.66% |
| EUR/CHF | 1.2307 | | -0.0031 | -0.25% |
| EUR/GBP | 0.8539 | | -0.0044 | -0.51% |
| EUR/JPY | 128.99 | | 0.75 | 0.58% |
| AUD/JPY | 90.08 | | 0.41 | 0.46% |
Stocks around the world as of 5:30 AM Pacific time on June 20, 2013
6211.23
|
|
-137.59
|
-2.17%
|
|
7997.98
|
|
-199.10
|
-2.43%
|
|
13014.58
|
|
-230.64
|
-1.74%
|
|
20382.87
|
|
-604.02
|
-2.88%
|
MAJOR EUROPE
INDEXES
Price
|
Change
|
%Change
|
||
345.04
|
|
-6.04
|
-1.72%
|
|
3743.88
|
|
-95.46
|
-2.49%
|
|
7919.70
|
|
-178.60
|
-2.21%
|
|
15743.24
|
|
-302.28
|
-1.88%
|
|
1148.28
|
|
-26.56
|
-2.26%
|
|
286.09
|
|
-6.27
|
-2.14%
|
MAJOR ASIA-PACIFIC
INDEXES
Price
|
Change
|
%Change
|
||
4758.40
|
|
-103.00
|
-2.12%
|
|
2084.02
|
|
-59.43
|
-2.77%
|
|
1850.49
|
|
-37.82
|
-2.00%
|
|
3133.26
|
|
-80.53
|
-2.51%
|
|
1402.19
|
|
-35.51
|
-2.47%
|
|
6529.41
|
|
-270.52
|
-3.98%
|
Look at Gold and Silver making new lows
METAL FUTURES
| Price | Change | %Change | Volume | ||
|---|---|---|---|---|---|
| GOLD | 1302.00 | | -72.00 | -5.24% | 185003 |
| SILVER | 19.99 | | -1.633 | -7.55% | 42119 |
| COPPER | 3.086 | | -0.055 | -1.75% | 46070 |
| PLATINUM | 1399.10 | | -24.80 | -1.74% | 915 |
Soon the major averages will go below 50 day moving averages and then all the jokers managing big mutual funds will all try to get out at the same time. We have been warning about the decline since May 22
IWM based on RUssell 2000
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We usually do not talk about the environment but this is the time to use solar panels on the roofs of your homes and offices to generate electricity. You get federal and state tax breaks( this may expire soon) and savings beyond your expectations.
If you lease the equipment over 20 years, your cost is zero and installation is FREE. They will maintain the panels for the next 20 years. How can you lose?
The best company in this area is SOLAR CITY which is a public company and is financially very sound. Please click the link below to get info.
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