American Debt Ceiling Compromise is a dud

Over the weekend, a lot of interesting developments happened pending the debt ceiling deal.  Gold surged to $1635 as the ever reliable safe haven was flocked to once again when the August 2 deadline drew nearer.  The lower house, congress, announced they will soon vote on a proposal, sending Gold back near 1610. But the […]

DMN June 30 S&P 1040 support watch

Dow    9,870.30    -268.22    (-2.65%) S&P 500    1,041.24    -33.33    (-3.10%) Nasdaq    2,135.18    -85.47    (-3.85%) The Philippines is on Holiday today as President Noynoy Aquino is sworn in. Wall Street suffers a massive 3% blow, as renewed economic weakness fears was started by China’s 4% drop yesterday, spreading into Europe and creeping its way into the Futures […]

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